• 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

  Is it all the Bank of Thailand's fault?

  News, Chartchai Parasuk, Published on 12/09/2019

  » Currently, the two most pressing economic issues in Thailand are the appreciation of the baht and the high level of household debt.

• 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

  Time to stop making empty promises

  Oped, Chartchai Parasuk, Published on 07/03/2024

  » The Nikkei 225 Index just broke 40,000, surpassing the record high of 1989. The stellar stock market performance happened amid the fact that Japan's economy is officially in recession after two consecutive quarters of negative GDP growth.

• OPINION

  BoT is absolutely right in holding rates

  Oped, Chartchai Parasuk, Published on 22/02/2024

  » The whole country -- the government, its economic agencies, private economic research houses, the private sector, and academics -- is accusing the Bank of Thailand (BoT) of being stubborn for refusing to lower interest rates to support the weak economy, aka, the economy in crisis.

• OPINION

  Reviving Thai economy is a tall order

  Oped, Chartchai Parasuk, Published on 27/07/2023

  » By the time readers read this article, Thailand still does not have a real government. But judging from the game being played, it is not too hard to guess which party will lead a new government.

• OPINION

  Deflation might be here, that's not good

  Oped, Chartchai Parasuk, Published on 20/07/2023

  » Read this article well. It will explain the risk of economic recession that Thailand is facing.

• OPINION

  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.

• OPINION

  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.

• OPINION

  Signs of economic slowdown alarming

  Oped, Chartchai Parasuk, Published on 12/01/2023

  » The Thai government, businesses, and citizens are cherishing the news of returning Chinese tourists with the first group of 286 passengers who arrived on Monday. The Tourism Authority of Thailand estimates that 5 million Chinese tourists will visit our country this year, bringing with them 250 billion baht in spending money. I have two comments on this joyful news. Firstly, the ban on the sale of outbound group and package travel imposed by China's Ministry of Culture and Tourism on Jan 27, 2020, is still in effect. There is no telling when this ban will be relaxed or lifted. Second, the mass arrival of Chinese tourists was already factored into the World Bank's GDP growth projections. The Bank projected that the Thai economy would grow by 3.6% in 2023. To achieve such growth, the arrival of 22.4 million foreign tourists, with 6.2 million from China, was assumed.

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