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Search Result for “forecast drop”

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OPINION

Will poll be breakout or more of same?

Oped, Thitinan Pongsudhirak, Published on 06/02/2026

» As Thais go to the polls this Sunday, the most consequential question is whether Thailand will finally break out of its debilitating cycle of political instability and economic underperformance that has marked the past two decades. The signs and signals suggest otherwise -- at least not yet.

OPINION

Thailand needs a geostrategic rebalance

Oped, Thitinan Pongsudhirak, Published on 06/06/2025

» With two military coups and multiple judicial interventions that combined to subvert election results and weaken democratic institutions over the past two decades, it is unsurprising that Thailand's geostrategic position has leaned increasingly towards China. Naturally, the more Thailand becomes autocratic, the more it will be estranged from established democracies in Europe and North America, as well as Japan and South Korea, with nowhere to turn but to Beijing. But this China orientation is a geostrategic mistake at this time. Thailand should correct its course until clearer signs emerge as to which side of the superpower struggle will come out on top.

OPINION

Post-Covid headwinds hit the region

Oped, Thitinan Pongsudhirak, Published on 14/10/2022

» As the five economies in mainland Southeast Asia re-emerge from the Covid-19 pandemic, their prospects for recovery and return to growth and development appear challenged, characterised by deteriorating balance of payments, fiscal weaknesses, currency depreciations, and rising inflation amidst global monetary tightening and recession risks.

OPINION

Govt ducks Asean Myanmar challenge

Oped, Thitinan Pongsudhirak, Published on 23/04/2021

» Asean's highly anticipated "special" summit tomorrow in Jakarta on Myanmar's crisis can be declared moot on arrival. What goes into it is likely more telling that what will come out of it. Nearly three months and more than 730 civilian deaths after Myanmar's military coup on Feb 1, Asean is still unable to address its rogue member state's atrocities against its own people. The summit attendance foretells trends and dynamics of what might come next in Myanmar's fast-moving and deadly events on the ground and how they will shape regional responses and global concerns.

OPINION

Domestic drivers of superpower rivalry

Oped, Thitinan Pongsudhirak, Published on 10/07/2020

» The coronavirus pandemic is fundamentally global but its impact is mainly local because of the international system of state sovereignty, borders and divergent national interests. What is needed to cope with, contain and overcome the pandemic is more international cooperation and coordination. But we are seeing less international efforts to fight the virus together and more self-help where every nation fends for itself. The upshot from this fractured and fragmented international system during Covid-19 is the primacy of domestic determinants of international outcomes. Nowhere is this reality clearer than the competition and confrontation between the United States and China.

OPINION

Undue politicisation at finance and BoT

Oped, Thitinan Pongsudhirak, Published on 03/07/2020

» Thailand's economic growth projections continue to head south as the coronavirus crisis unfolds in the second half of the year. In its most recent forecast, the Bank of Thailand anticipates a sharp contraction of 8.1% this year, worse than the 5.3% it predicted in March. Downside macroeconomic risks are substantial as the Covid-19 pandemic could still degenerate and cause further global health and economic havoc. In this dire environment, Thailand will need steady and seasoned hands to oversee macroeconomic levers. Yet both the finance ministry portfolio and the BoT governorship now face uncertainty and potential politicisation that bode ill for effective and autonomous fiscal and monetary policies.

OPINION

Geoeconomic implications of Covid-19

Oped, Thitinan Pongsudhirak, Published on 26/06/2020

» The longer the coronavirus pandemic wends its way around the world, the more it takes on permanent features. As case infections still persist virulently, especially in the US, Brazil, Russia and India, states, societies and individuals are being forced to make adjustments. There will be winners and losers in the geoeconomic competition for market shares and supply chains. Those with more effective public health systems will stand in good stead with opportunities to re-emerge less scathed and better positioned to carry on, whereas others with less adequate health infrastructure will face more risks and disadvantages. For the first time in generations, health security has become the main determinant in the fate of nations and peoples.

OPINION

Thailand's strategic path is rudderless

News, Thitinan Pongsudhirak, Published on 19/06/2020

» As the coronavirus pandemic continues to wreak havoc worldwide, domestic tension and pressure will compel three broad responses from the various afflicted countries. First, these countries may react to virus-induced domestic challenges by blaming and taking it out on outsiders. Alternatively, they may be so preoccupied at home that they become marginalised abroad. In other instances, countries that have coped effectively with Covid-19 will be able to regain their footing faster and move on sooner as the rest of the pack remains bogged down in acrimony and discord.

OPINION

Geopolitical outcomes beyond Covid-19

Oped, Thitinan Pongsudhirak, Published on 15/05/2020

» The coronavirus crisis is on course to significantly reshape and realign the pecking order among nations in geopolitics. Rather than a fundamental shift in patterns and contours, the likely geopolitical outcomes beyond Covid-19 appear to reinforce pre-existing trends and dynamics. As the two competing superpowers, neither the United States nor China will come out of the pandemic period with flying colours.

OPINION

Virus risks versus economic imperatives

Oped, Thitinan Pongsudhirak, Published on 08/05/2020

» The coronavirus pandemic requires responding governments to be agile and quick on their feet, learning by doing and constantly reevaluating their policy mix. What was needed a month or two ago may need to be recalibrated this week for the immediate future in a moving balance of risks and objectives. For Thailand, the balance between public health safety and economic reality has been lost. The Centre for Covid-19 Situation Administration (CCSA) risks becoming a victim of its own success. This means the government of Prime Minister Prayut Chan-o-cha should now be listening to economists and social workers a little more than epidemiologists and medical doctors as Thailand's virus-fighting priorities shift with twists and turns.