Showing 1 - 6 of 6
Policy options for an overvalued baht
Oped, Chartchai Parasuk, Published on 25/12/2025
» This is the last article of 2025. I have to thank readers for following my articles throughout the years. I believe I wrote my first article for the Bangkok Post in January 2020. So, it has been a five-year collaboration with the paper. Thank you, Bangkok Post.
How to save country when it's broke
Oped, Chartchai Parasuk, Published on 05/08/2021
» This is not really a good time for economists and/or economic research institutions to make GDP growth projections for Thailand as the Covid-19 pandemic is far from settling down. Unstable economic conditions have caused a well-known research institute to revise its 2021 growth projections five times already.
Time to accept we can't beat Covid-19
Oped, Chartchai Parasuk, Published on 08/07/2021
» If the government does not wish to see a collapse of society, it must rethink its Covid-19 strategy. First, it must admit that the Covid-19 outbreak is not controllable after the outbreak has changed from the cluster level (individual based) to the community level (activity based).
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.
Stagflation is now a reality for Thailand
News, Chartchai Parasuk, Published on 19/12/2019
» I first encountered this word, a combination of "stagnation" and "inflation", in an economics textbook. Stagflation depicts an unusual situation whereby an economy experiences both a slowdown and high inflation at the same time. A textbook example is the US economy of the early 1970s, which suffered 9% unemployment along with 12% inflation. The culprit was a doubling of world oil prices which pushed the US economy into a recession and raised the cost of goods and services.
Take economic data with a grain of salt
News, Chartchai Parasuk, Published on 07/11/2019
» Originally, I planned to write an article titled "Albert Einstein and baht exchange rate". Then I said to myself, "Nope, let's not write another serious article this week". So, I decided to go for a lighter one about international rankings and ratings which the government often cites to reiterate that the Thai economy is in good shape. I never have understood why governments like to do this. Nobody cares about these figures. They care about their businesses, their jobs and their debts.