Showing 1 - 10 of 12
In an uncertain world, gold is a comfort
Oped, Chartchai Parasuk, Published on 05/02/2026
» With Thai citizens heading to the polls this Sunday to decide which party will form the next government, I have decided to postpone my article on the economic crisis for another two weeks.
Why gold matters in a changing world
Oped, Chartchai Parasuk, Published on 13/11/2025
» After reading my previous article, "Thailand has become the sick man of Asean", a good friend asked me what would happen to the Thai economy after becoming the sick man?
Zombie banking deepens economic woes
News, Chartchai Parasuk, Published on 19/09/2024
» This is the second of three articles, following the earlier article "Problems with Dr Thaksin's Visions". The series will end with an article titled "Call for a paradigm shift".
Thaksin's 'vision' might be outdated
News, Chartchai Parasuk, Published on 05/09/2024
» This article is not meant to diminish the brilliance of the spiritual leader of the Pheu Thai Party, former prime minister Thaksin Shinawatra. It is to demonstrate that, despite his immense knowledge and vast experience, Thailand's current economic problems are caused by structural deficiencies and cannot be resolved by traditional stimulus measures. One needs a good understanding of economic principles to approach the problems correctly.
Beware of looming labour shortages
Oped, Chartchai Parasuk, Published on 28/10/2021
» Despite the recent estimation that there are now close to a million unemployed Thai workers, Thai tourism and service industries will face a severe labour shortage of 300,000 to 500,000 people after the relaxation of Covid-19 control measures and the opening up of the country to foreign visitors.
A long road to recovery for Thailand
Oped, Chartchai Parasuk, Published on 10/06/2021
» The OECD (Organisation for Economic Co-operation and Development) in last December's forecast raised its global GDP growth forecast for 2021 from 4.2% to 5.8% as of May 2021, primarily due to the achievement of Covid-19 vaccine rollout in developed nations. The GDP growth rate for the US is estimated to be as high as 6.9% this year -- an admirable rise from a contraction of 3.5% last year. The US is not the only economy that benefits from a quick vaccine rollout. The UK economy is projected to grow at an even higher rate of 7.5% in 2021 as more than 40% of its population has been fully vaccinated and about 60% of its population received at least one dose.
Money to boost economy tough to find
Oped, Chartchai Parasuk, Published on 29/04/2021
» Wow. What a difference two weeks makes! In my previous article, I wrote, with grave concern, that over 6,000 people had been infected with Covid-19 within just two weeks of the third outbreak. Two weeks later, the number of cases from the third wave alone, which started early this month, has skyrocketed five-fold to over 30,000 cases. Who knows when and how this round will end?
Returning to normal by 2021: a dream
Oped, Chartchai Parasuk, Published on 24/09/2020
» The world economy is in total disaster in 2020 due to the Covid-19 pandemic. IMF chief, Kristalina Georgieva, said it would be the worst economic crisis in 100 years. However, her once in a 100-year crisis seems to be rather short-lived as the IMF expects a full global recovery next year.
More thoughts on the post-Covid world
Oped, Chartchai Parasuk, Published on 27/08/2020
» News about Covid-19 vaccine development in Russia and other countries offers a ray of hope the pandemic could be ending soon and the world economy may return to normal.
Coronavirus economic blow will be long-lasting
News, Chartchai Parasuk, Published on 13/02/2020
» Even though the coronavirus outbreak isn't over yet, economists are already counting the damage. Research houses estimate that China's gross domestic product (GDP) growth in the first quarter of this year could be less than 4% -- a sharp drop from the usual 6%-plus growth rate. Of course, the economic impact won't be limited to China, as its GDP represents more than 20% of the world economy.