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Showing 1-4 of 4 results
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Govt has shallow pockets for virus fight
News, Chartchai Parasuk, Published on 26/03/2020
» There is no need to say that the impact from Covid-19 has been brutal to all economies. The International Monetary Fund (IMF) has just warned the world economy is most likely to enter recession in 2020 with negative economic growth. On Jan 9, the IMF released its World Economic Outlook report projecting that global economic growth would be a positive 3.3%.
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Virus plus oil crisis spells recession
Oped, Chartchai Parasuk, Published on 12/03/2020
» All economists, including myself, predict the spread of Covid-19 will put a big brake on economic growth through reductions in spending, particularly on travel. Assuming the virus outbreak lasts for about six months, the lower spending will likely last until the fourth quarter. Countries like Thailand, which depend heavily on foreign tourist revenue, will be hurt the most.
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New Year economic wishfulness
News, Chartchai Parasuk, Published on 02/01/2020
» 'Nothing comes from nothing. Nothing ever could." Of course, many will recognise these song lyrics from the motion picture The Sound of Music. But this phrase actually dates back to ancient Greece and the time of Aristotle. It is a foundation of all science: nothing can be created out of nothing. Economic science also follows this principle strictly. For a better economy, we first need a better economic environment. Thus, for a better economy this year, we need a better economic environment than in 2019. Will that be the case for Thailand?
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Bank of Thailand lands in hot water
News, Chartchai Parasuk, Published on 16/01/2020
» It caught almost everyone by surprise when the baht strengthened past the psychological level of 30 baht per US dollar during the New Year holidays.
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