• 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

  Will foreign investors still be wooed?

  Oped, Chartchai Parasuk, Published on 28/12/2023

  » This is my last article for 2023. Appropriately, I should write about the 2024 economic outlook but I have decided to postpone that to be the first article of 2024 as the analysis might be too unpleasant to digest right now. However, I will leave a "teaser" for readers to ponder over during the long holidays. As such, I am left with two choices: an article about informal debt -- I estimate outstanding debt to be over 400 billion baht and that it could have strong ties with grey money -- or an article about Thailand's ability to attract foreign investors, as our Prime Minister Srettha Thavisin travels all over the world to attract them. In the end, I opted for the latter.

• OPINION

  Pheu Thai's giveaway might just work

  Oped, Chartchai Parasuk, Published on 20/04/2023

  » If one plans to read only one economic analysis article for this year, this is it.

• OPINION

  Risk of global financial crisis spiking

  Oped, Chartchai Parasuk, Published on 03/11/2022

  » I am writing this article in Tokyo. Judging from my walks around the city during the past week, and despite the fact everyone is wearing face masks, it's like Covid has vanished. Subways and trains are jam-packed and shopping areas are full of people. However, the pandemic has left some scars. Many shops have gone under, including my favourite 50-year-old sushi restaurant.

• OPINION

  Spectre of 2023 global recession looms

  Oped, Chartchai Parasuk, Published on 19/05/2022

  » In economics, there is no such thing as a surprise. Major economic events like rising inflation, interest rate hikes, currency depreciation, even economic recession can be detected as far as a year ahead.

• OPINION

  Oil price volatility demands tax rethink

  Oped, Chartchai Parasuk, Published on 24/03/2022

  » We are living in a time of unprecedented oil price volatility. On Feb 8, the world oil price (WTI Crude) was a little less than US$90 (3,030 baht) per barrel (dpb), but a month later the price jumped violently to 124 dpb.

• OPINION

  War-hit Russian economy could fold

  Oped, Chartchai Parasuk, Published on 10/03/2022

  » It is a new kind of war -- economic war. Western allies, led by the United States, United Kingdom and European Union, are imposing trade and financial restrictions on Russia's economic activities. The aim is to freeze Russian assets abroad, paralyse financial transactions, obstruct cross-border trade flow, trigger high inflation and, most of all, provoke massive unemployment.

• OPINION

  Hiked wages could ease current slump

  Oped, Chartchai Parasuk, Published on 24/02/2022

  » Before getting to the main story of raising wages, I have a point of concern to raise. That is the unusual movement of Thai baht exchange rates. Theoretically, this is the time the baht should be depreciating because of rising current account deficits due to the high prices of imported oil.

• OPINION

  Economic growth in 2022 no mean feat

  Oped, Chartchai Parasuk, Published on 10/02/2022

  » Most economic research houses, government and private, projected Thailand would see GDP growth of 3.5-4% this year. Even the Joint Standing Committee of Commerce, Industry, and Banking, an organisation representing Thai business entities, supported that range.

• OPINION

  Omicron's threat to global supply chain

  Oped, Chartchai Parasuk, Published on 13/01/2022

  » By definition, a supply chain disruption is any event that causes a disruption in the production, sale, or distribution of products. Supply chain disruptions can include events such as natural disasters, regional conflicts, and pandemics.

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