• OPINION

  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.

• OPINION

  2024 financial crisis may be a silent one

  Oped, Chartchai Parasuk, Published on 04/04/2024

  » When an economy faces a financial crisis, it can create a big bang like the mass collapse of financial institutions such as during the Great Depression of the 1930s, the Thai Tum Yum Kung crisis of 1997, the Japanese financial crisis in late 1997, and the US Hamburger crisis of 2008.

• OPINION

  New govt faces 4 economic time bombs

  Oped, Chartchai Parasuk, Published on 18/05/2023

  » The election result is already out and Thailand is heading for a big policy change. As the party with most seats, the Move Forward Party will form the government. The second place-getter -- the Pheu Thai Party -- has agreed to be in the coalition. These two parties, however, have totally different views on how to run the economy.

• OPINION

  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%.

• OPINION

  BoT can't afford to hold interest rates

  Oped, Chartchai Parasuk, Published on 14/07/2022

  » Like all countries in the world, the Bank of Thailand (and Monetary Policy Committee, or MPC) believes they can run monetary policy independently based on local economic conditions.

• OPINION

  Can Omicron spur a Great Depression?

  Oped, Chartchai Parasuk, Published on 02/12/2021

  » The emergence of a new Covid-19 variant -- Omicron -- has caused quite a stir globally just as many nations are on the recovery track from the Delta variant. Scientists worry that the latest strain first detected in South Africa has as many as 50 mutations, 32 of them on the spike protein which theoretically makes it much more transmissible than the Delta variant.

• OPINION

  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.

• OPINION

  Thai economy nearing 'do it, or die'

  Oped, Chartchai Parasuk, Published on 19/08/2021

  » In my previous articles, I have suggested the economy is in bad shape, and that at least 2 trillion baht in economic relief packages is needed to prevent the economy from collapsing.

• OPINION

  A Wuhan lockdown will not work here

  Oped, Chartchai Parasuk, Published on 22/07/2021

  » Originally, I planned to write an article titled "Will it be a soft landing or hard landing?" which would have been about the future of the world's financial markets and the economy.

• OPINION

  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.

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