Showing 1 - 10 of 45
Wallet fog fails to lift
Oped, Editorial, Published on 19/04/2024
» The government's announcement on the details of its digital wallet scheme on April 10 was meant to boost the popularity of both the Srettha Thavisin administration, as well as the Pheu Thai Party.
A new policy agenda for Asia
Oped, Published on 01/02/2024
» The global economic landscape is changing fast. Scarring from the Covid-19 pandemic has weakened potential growth, making slower income gains the new normal for many countries.
Financial crisis looms over Thailand
Oped, Chartchai Parasuk, Published on 25/01/2024
» The definition of an "economic crisis" is much debated in Thailand. This is because one of the requirements for enacting the emergency fiscal borrowing decree is that the economy must be in crisis.
Pheu Thai's cash handouts a likely flop
Oped, Chartchai Parasuk, Published on 24/08/2023
» The title of this article says it all. Pheu Thai Party's flagship economic stimulus policy of handing out 10,000 baht to all Thais aged above 16 years old, with an estimated cost of 560 billion baht, will most likely fail to stimulate (or jump-start) the economy from the recent economic slump.
Is Japan now facing its own Liz Truss moment?
Oped, Published on 25/11/2022
» Former British PM Liz Truss's disastrous mini-budget, which crashed the pound and ended her tenure after just 44 days, has quickly become a cautionary tale for policymakers around the world as they debate how to spur economic growth and address rising inflation. But some national leaders, such as Japan's, have not heeded the warning.
The risk of competitive rate hikes
Oped, Published on 21/09/2022
» The world is facing the risk that major central banks will undertake competitive interest-rate hikes that may look desirable for their countries individually but could drag the world economy into an unnecessary recession.
No choice but to open the economy
Oped, Chartchai Parasuk, Published on 14/10/2021
» There are not many countries on this planet that depend on outside markets like Thailand. Exports of goods account for 54% of GDP while foreign tourism income accounts for another 12% -- totaling 66% of GDP. The rest is made up by domestic private consumption.
Yet more lockdown
News, Editorial, Published on 02/08/2021
» As Covid cases scale new highs without any sign of slowing, the government has extended its partial lockdown for another 14 days and expanded tough restrictions to cover more provinces, up from 13 provinces to 29.
Thai economy unlikely to bounce back
News, Chartchai Parasuk, Published on 18/03/2021
» The world is having great economic news. All international economic agencies have upgraded world economic forecasts for 2021. The latest one is the OECD (Organization for Economic Cooperation and Development) who raises global economic growth forecast from 4.2% (December 2020's forecast) to 5.6% (March 2021's forecast). A higher growth prospect is the result of a fast roll-out of Covid-19 vaccination; super-large US economic stimulus package; and accelerated growth of the Chinese economy. The OECD projected that the US economy would grow by 6.5% while the Chinese economy would expand by 7.8% this year. These two giant economies account for 41% of the world economy. Therefore, high growth from these two countries is likely to induce high economic growth in other economies as well.
How Covid-19 disrupted the EU's integration
Oped, Published on 03/12/2020
» The second wave of Covid-19 infections has struck Europe harder than many expected. The hope of a V-shaped recovery has been replaced by the fear of a double-dip recession, implying that there will be no quick return to normal European Union budget rules. More worryingly, Europe now finds itself forced into a tradeoff between two objectives, both of which are critical to its long-term viability as a supranational political and economic bloc. Now more than ever, the EU's commitment to the rule of law appears to be on the chopping block.