Showing 1 - 10 of 10
Cloudy global skies, sunshine for the Thai economy
Business, Piyasak Manason, Published on 27/09/2023
» In the fourth quarter of 2023, InnovestX Securities expects the global economy to slow down significantly, with three main themes:
The end of The Great Moderation
Business, Piyasak Manason, Published on 28/07/2022
» It could be said that the era of economic normalcy is over. For about two decades before the 2008-09 global financial crisis, we witnessed what economists came to call "The Great Moderation" -- an era of moderate economic growth, low inflation, low interest rates and improved fiscal discipline. The US dollar was relatively weak while other currencies such as the yen, euro, yuan and even the baht appreciated.
Three headwinds for the global economy
Business, Piyasak Manason, Published on 23/10/2021
» In the past few months or so, several headwinds have emerged in the world economic arena. We have seen a sharp increase in commodity prices, including natural gas, crude oil, and coal, which has reached US$240 a tonne from about $70 last year. The result has been an electricity generation deficit in the biggest emerging economies such as China and India.
What the new wave of Covid could mean
Business, Piyasak Manason, Published on 26/12/2020
» As we all know, the number of new Covid-19 cases in Thailand has skyrocketed after months of calm, breaking a single-day record last Saturday and causing authorities to issue urgent control measures, especially in Samut Sakhon.
2021: No clear path out of the abyss
Business, Piyasak Manason, Published on 24/10/2020
» As 2020 starts drawing to a close, it is constructive to look towards the year ahead. Given how miserable and uncertain 2020 has been, it is only natural that many of us will be looking forward to a brighter New Year.
The world after Covid
Business, Piyasak Manason, Published on 27/06/2020
» The second quarter of 2020 has seen a divergence between the investment world and real economic conditions. Despite a recent uptick, the global economy is still contracting: the IMF has just downgraded its global GDP forecast to -4.9% from -3.0%.
Old risks fade, new risks emerge
Business, Piyasak Manason, Published on 23/05/2020
» May has been the month when investment and economic reality diverged. The global economic contraction is deepening. Composite purchasing managers' indices, the most timely economic indicator, hit a record low globally in April. Preliminary estimates for May show a slightly slower rate of contraction, but the figures are still in deep negative territory.
Coping with three crises
Business, Piyasak Manason, Published on 28/03/2020
» Humanity is facing three crises at the same time: a public health crisis, an economic crisis and a financial crisis. Since these three crises are intertwined, to stop any one of them, we must stop the source.
Light at the end of the tunnel
Business, Piyasak Manason, Published on 03/01/2020
» For global investors, the sky started brightening as a tumultuous 2019 drew to a close. Stock indices in recent weeks have gained 2-6%, with developed markets rising the most, and many are closing in on all-time highs. Most prominent are the US stock indices, where every day the S&P, Dow Jones and Nasdaq have been touching historic highs.
Investors finding their sweet spot
Business, Piyasak Manason, Published on 23/11/2019
» For global investors, the sun has been shining for the last two months. Stock indices have gained between 1% and 8%, with developed markets rising the most, and many equity markets are closing in on all-time highs.