Showing 1 - 10 of 19
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.
Stark reality behind economic figures
Oped, Chartchai Parasuk, Published on 16/05/2024
» At the time of writing this, the official Q1 GDP has not been announced by the National Economic and Social Development Council (NESDC). I expect the growth figure will be around 1.2%. My own estimation, using the Output Approach and actual sectoral production index, gives a growth figure of 0.98%. Detailed data are in the below table.
Handout difficult without BoT's help
Oped, Chartchai Parasuk, Published on 18/04/2024
» The purpose of this article is to educate the public about the real issue of the digital wallet scheme. The issue is not "HOW to get the 500 billion baht?" but "Is there 500 billion baht AVAILABLE to be borrowed?"
Liquidity shortage a big risk for govt
News, Chartchai Parasuk, Published on 16/11/2023
» Liquidity is the most ignored issue in economics. Liquidity is considered to be like "oxygen" which is readily available when needed and, thus, has no intrinsic value.
Better options to govt's cash handout
Oped, Chartchai Parasuk, Published on 19/10/2023
» The 10,000-baht cash handout scheme has been under heavy criticism. More than 100 economists, led by two ex-Bank of Thailand governors, oppose the scheme that would bring more harm than good.
Why do I smell tom yum kung cooking?
Oped, Chartchai Parasuk, Published on 10/08/2023
» Readers who follow my bi-weekly economic column will have no doubt that the tom yum kung I am referring to is not a traditional Thai soup dish but the financial crisis of 1997.
World faces prospect of financial tumult
Oped, Chartchai Parasuk, Published on 23/03/2023
» Today, I was supposed to present the third article, Managing Household Debt, in the series "Changing Thailand". In fact, I have finished drafting a payment reduction model which could reduce monthly debt payments by 4.6 times without the hair-cutting debt principal or requiring government financial support. But I will delay that article for now.
Part 1: The country needs to change
Oped, Chartchai Parasuk, Published on 09/03/2023
» Before I start the article, I would like to report that Thailand's economic performance in January 2023 was no better than the last quarter of 2022, when GDP growth was merely 1.4%.
World economy downhill from here
Oped, Chartchai Parasuk, Published on 17/11/2022
» When I planned for this week's article, I wanted to write about the illusions of today's economic picture such as the robust GDP growth in emerging economies, declining inflation rates, booming travel business, strengthening of the Thai baht, and so on. But even with the economic data and theories to back up my claims, who would believe me? Who would believe that the current robust demand is nothing but an example of short-term, pent-up demand after two years of the Covid-19 outbreak? Who would consider the fact that consumers have no increased purchasing power to sustain today's level of consumption? Most of all, who would imagine that things would change drastically in the fourth quarter after consumers face the reality of a higher cost of living and stagnant income?
Demand destruction the new buzzword
Oped, Chartchai Parasuk, Published on 11/08/2022
» On Feb 23, a day before Russia invaded Ukraine, the world crude oil price was US$90.60 (3,221 baht) per barrel. Russian oil supply disruption and demand recovery from Covid-19 dragged the crude oil price to almost $120 at the end of May, after the US and European central banks sent strong signals that they would rapidly increase interest rates to contain inflation, despite the cost of a further economic slowdown.