Showing 1 - 10 of 58
Does Thailand need 'Helicopter Money'?
News, Chartchai Parasuk, Published on 09/05/2019
» I first heard of the term "Helicopter Money" when I was in graduate school studying economics. The concept belongs to a famous Nobel Prize-winning economist, Milton Friedman, and is simple. A government supplies large amounts of money to the public, as if the money is being scattered from a helicopter. People then use the money to buy things.
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.
How to survive the economic winter
News, Chartchai Parasuk, Published on 10/10/2019
» Last week I received a touching letter from one of my readers thanking me for writing informative articles. The reader also expressed concern about the future economically and wondered how to adjust to the increasingly risky situation. Therefore, I feel it should be my duty to suggest investment options, lifestyle adjustments and career choices for the upcoming economic winter.
Take economic data with a grain of salt
News, Chartchai Parasuk, Published on 07/11/2019
» Originally, I planned to write an article titled "Albert Einstein and baht exchange rate". Then I said to myself, "Nope, let's not write another serious article this week". So, I decided to go for a lighter one about international rankings and ratings which the government often cites to reiterate that the Thai economy is in good shape. I never have understood why governments like to do this. Nobody cares about these figures. They care about their businesses, their jobs and their debts.
The vicious economic cycle has begun
News, Chartchai Parasuk, Published on 05/12/2019
» Do not be surprised to see the government constantly coming out with economic good news such as its claims there are more factories opening than closing and more jobs being created. Or that the government is confident the bottom has been reached and a brighter economic outlook is set for next year. It is their job to create hope, while it is also my job to give readers the real economic picture. These pieces of information are accurate but, unfortunately, their stories do not go along with the real numbers. And remember, numbers never lie.
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%.
Covid-19 stimulus may sink economy
Oped, Chartchai Parasuk, Published on 09/04/2020
» It is undeniable the Covid-19 outbreak is wreaking havoc on economies worldwide. To lessen the pain on their citizens and prevent economic free-fall into the recession trap, most governments are rolling out stimulus packages, typically consisting of cash handouts, wage compensation and concessional loans.
Homework for the new bank governor
News, Chartchai Parasuk, Published on 04/06/2020
» The term of the governor of the Bank of Thailand will expire on Sept 30 and as incumbent governor Veerathai Santiprabhob has announced he will not seek a second term citing family reasons, the selection process for his replacement has begun.
The economy is sick and pills won't do
Oped, Chartchai Parasuk, Published on 02/07/2020
» Picture this: Your name is "Mr Thai Economy", and you have contracted the coronavirus in late January. After a close examination in March, doctors (the Bank of Thailand) said your health is of deep concern as GDP growth could go as low as -5.3%.
This could get worse before it improves
Oped, Chartchai Parasuk, Published on 16/07/2020
» This is not the first time the world has faced economic dangers but the Covid-19 outbreak is by far the most devastating. I have a feeling that it could beat the legendary 1930s Great Depression. There are many questions to ask, particularly about the future of the world and the Thai economy. I'd like to raise three questions as follows: