Showing 1 - 10 of 27
Could the baht strengthen even further?
News, Chartchai Parasuk, Published on 04/07/2019
» Just the other morning before I woke up, I dreamed that I was in line at a bank waiting to change my Thai baht into US dollars for an overseas trip. Once I got to the teller, she told me that today's baht-to-dollar exchange rate was 25.8 and asked how many dollars I wanted. I asked her to repeat the exchange rate again and she confirmed the rate of 25.8 baht to the dollar. I told myself that this must be a dream, and I woke up.
Economy faces 4 key hurdles this year
News, Chartchai Parasuk, Published on 01/08/2019
» The first half of 2019 has already passed and it is a well-known fact that the Thai economy is not in good shape. GDP growth has plummeted from 3.7% in the last quarter of 2018 to 2.8% in the first quarter of this year. Although second-quarter GDP growth will be officially announced soon, raw economic data from April to June indicates a weaker second quarter, particularly in the areas of exports and tourism.
Don't bet on stimulus saving economy
News, Chartchai Parasuk, Published on 29/08/2019
» You may have read elsewhere that the government's new 316-billion-baht economic stimulus package will not work. I second those opinions but for totally different reasons.
Fresh QE won't stop global recession
News, Chartchai Parasuk, Published on 26/09/2019
» I have to apologise because this article will not be easy to read. I will try my best to explain things in the simplest way possible. However, global financial issues are difficult and complex in nature. If you feel that you do not want to be bothered with the complexity of the issue, I will give the conclusions of today's article now.
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.
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.
China, US woes will spell Thai gloom
Oped, Chartchai Parasuk, Published on 18/11/2021
» On Nov 10, there was a drama in the international financial market. DMSA, a German financial market watchdog, issued a press release stating that China Evergrande Group defaulted on interest payments to international investors and was preparing bankruptcy proceedings.
Tonic needed as inflation is here to stay
Oped, Chartchai Parasuk, Published on 27/01/2022
» Inflation is, and will be, the number one economic issue of 2022. All countries are facing rapid rises in consumer prices which is threatening not only their economic recovery from the Covid outbreak but also the stability of many governments. The US consumer price index (CPI) hit a 39-year high at 7% in December 2021, prompting Goldman Sachs to predict that the Federal Reserve Board might raise interest rates four times this year.
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.
Expect inflation to worsen, not lessen
Oped, Chartchai Parasuk, Published on 21/04/2022
» The economic theory is clear. Inflation always precedes a recession. Investors also think similarly. A recent Market Live Poll conducted by Bloomberg shows that 15% of investors are expecting a US recession to begin in 2022, 48% in 2023, 21% in 2024 and 16% looking at 2025 or later. Deutsch Bank also believes the US economy could face a recession in 2023.