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BANGKOK 26 May 2019 02:06
snoop1130

Bank of Thailand adjusts GDP forecast downwards citing political uncertainty and household debt

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Easy to buy a new car....no money down....low or no interest...Oh, but I have to pay every month???

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16 hours ago, snoop1130 said:

From now on, the growth engine of the country will be powered by tourism and investments

Make that foreign direct investment, foreign loans and foreign tourists.

What could possibly go wrong with that kind of reliance for GDP growth?

  • Finance Minister Apisak Tantivorawong recently said that he was more concerned about a delay of new private investment. “We have learned from many investors, in particular foreign investors, who say that they will wait until the political uncertainty becomes clear,” http://www.nationmultimedia.com/detail/breakingnews/30367258

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5 minutes ago, BestB said:

Just yesterday BOT stated growth is on track and more if government is formed by June.

 

what has happened in past 24 hours to do a full u turn and now talk about financial stability being at risk?

Someone somewhere was told a U-turn would be a good idea???

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What was the recent report put out by Visa concerning the speeding power of Thai nationals... 

 

Fickle

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1 hour ago, BestB said:

Just yesterday BOT stated growth is on track and more if government is formed by June.

 

what has happened in past 24 hours to do a full u turn and now talk about financial stability being at risk?

Yes I read that as well,  but this common with the news threads here.  Time after time one story is in direct contradiction of the following.

It's up, it's down, it's fine it's not?

A constant battle between the truth and the manufactured face saving angle.

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Easy borrowing and low interest rates are teeing us up for another global financial meltdown, with far fewer fixes than last time.  Thailand, with its mounting public and private debt, is certain to suffer from any new credit crunch.

 

https://www.abc.net.au/news/2018-10-04/world-vulnerable-to-another-financial-meltdown-warns-imf/10337490

 

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Easy borrowing and low interest rates are teeing us up for another global financial meltdown, with far fewer fixes than last time.  Thailand, with its mounting public and private debt, is certain to suffer from any new credit crunch.
 
https://www.abc.net.au/news/2018-10-04/world-vulnerable-to-another-financial-meltdown-warns-imf/10337490
 
I agree sadly a recession is looming..add on trade wars..in certain eu member state countries..youth unemployment is an utter disgrace and to a certain extent..I 100% blame the euro..a financial straitjacket to suit the globalist multi-nationalists.

Sent from my SM-G7102 using Thailand Forum - Thaivisa mobile app

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The Thai economy has been harmed since the coup. What is it so hard to understand that every coup dealt a body blow to economy. We nose dived to GDP growth in 2014 to 0.7% and since then struggled to achieve the growth of past and previous elected governments. When we hit such a low GDP base, anything above was spun as positive. To put salt to injury, the junta messed up the election to stay in power and created even more harmed to the economy. They embarked on excessive defense spending rather than put more money to creat productivity like in education and healthcare. They spurged on large infrastructure spending without determining if they will be profitable. The political uncertainty scared off FDI which went to Vietnam and other neighboring countries. Pity that the BOT is not forthright in condemning the junta and coups in general for harming the economy. 

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Posted (edited)
33 minutes ago, malagateddy said:

I agree sadly a recession is looming..add on trade wars..in certain eu member state countries..youth unemployment is an utter disgrace and to a certain extent..I 100% blame the euro..a financial straitjacket to suit the globalist multi-nationalists.

Sent from my SM-G7102 using Thailand Forum - Thaivisa mobile app
 

youth unemployment in 2 small EU nations isnt going to cause a repeat of the financial crisis,and neither is any particular currency,but you cannot get your germany/EU paranoia out of your head,low to zero interest rates and household debt are the main reasons and the UK scores highly in each,£15k and rising and thats before mortgages,brexit and trade wars also wont help, wake up man

Edited by bomber
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