Showing 1 - 9 of 9
Thai economic prospects far from rosy
Oped, Chartchai Parasuk, Published on 09/02/2023
» Logically, one would imagine that 2023 would be a much better year than 2022. Covid is over in every corner of the earth and economic activities resume. The world oil price is below US$80 (2,677 baht) per barrel and inflation is coming down. At the first meeting of 2023, the Fed raises interest rates to merely 25 basis points as opposed to the 50-75 basis points for each meeting in 2022.
Putting a dampener on Thai recovery
Oped, Chartchai Parasuk, Published on 26/01/2023
» After three years in which the economy suffered from Covid effects, I am sorry to say that 2023 will not be the year of economic recovery as everyone had hoped. The global economy will still be plagued by inflation threats and several adverse factors such as excessive debt and the Russia-Ukraine war. These negative factors prompted the World Bank to revise its global economic growth prospects downward from 3.0% to 1.7% for 2023. The key point is a marked slowdown from 2.9% growth in 2022.
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.
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.
Govt must spend this B500bn wisely
Oped, Chartchai Parasuk, Published on 27/05/2021
» It is now official. An emergency decree authorising the Ministry of Finance to borrow money to solve the economic and social problems arising from the Covid-19 outbreak was published in the Royal Gazette on Tuesday. However, the authorised amount is 500 billion baht, not 700 billion baht as we had heard from various sources. The spending is divided into three categories: 30 billion baht for healthcare management; 300 billion baht for economic relief programmes, and 170 billion baht for economic recovery projects.
Not looking like Xmas this year, or next
Oped, Chartchai Parasuk, Published on 03/12/2020
» Everybody has high hopes for the year 2021. Stock markets seem to think so. The Dow Jones Industrial average started the year at around the 29,000 mark and dropped by one-third to 20,000 when Covid-19 became a global threat in late March. Today, despite the second, third, and fourth rounds of outbreaks around the globe, Dow Jones is approaching the 30,000 mark.
Govt's Covid stimulus could all be in vain
Oped, Chartchai Parasuk, Published on 10/09/2020
» The greatest mistake the world is making is believing that governments will save us from the Covid-19 economic disaster. Even the International Monetary Fund (IMF) is encouraging governments to spend more to counter the downturn.
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.
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.