Jump to content

Asia-Pacific economies to slow, Thailand’s growth rate lower than regional average: World Bank projection


webfact

Recommended Posts

Asia-Pacific economies to slow, Thailand’s growth rate lower than regional average: World Bank projection

By The Nation

 

8b5b05ffe024512120cb41473c53064e.jpeg

 

Economic growth in developing East Asia and the Pacific is projected to soften to 6 per cent in 2019 and 2020, down from 6.3 per cent in 2018, largely reflecting global headwinds and a gradual policy-guided slowdown in China, the World Bank said on Wednesday.

 

The Bank said that the region’s economies had weathered the financial-market volatility of 2018 relatively well largely due to effective policy frameworks and strong fundamentals, including diversified economies, flexible exchange rates and solid policy buffers. Domestic demand has remained strong in much of the region, it added.

 

Andrew Mason, World Bank acting chief economist for the East Asia and Pacific region, warned of downside risks to growth due to further deceleration in advanced economies, the possibility of a faster-than-expected slowdown in China, and unresolved trade tensions.

 

Thailand’s growth rate is expected to be slower than the regional average. 

 

The Bank projected Thailand’s economic growth rate at 3.8 per cent this year and 3.9 per cent next year, down slightly from 4.1 per cent in 2018.

 

Source: http://www.nationmultimedia.com/detail/business/30368260

 

thenation_logo.jpg

-- © Copyright The Nation 2019-04-24
Link to comment
Share on other sites

15 minutes ago, webfact said:

Thailand’s growth rate is expected to be slower than the regional average

Surely this wouldn't be because the country is governed by a military regime and is economically wet behind the ears and controlled by a self appointed leader who gets the job as Chairman of ASEAN simply because of rotation alone and no other valid qualification? 

Link to comment
Share on other sites

2 hours ago, Cadbury said:

Surely this wouldn't be because the country is governed by a military regime and is economically wet behind the ears and controlled by a self appointed leader who gets the job as Chairman of ASEAN simply because of rotation alone and no other valid qualification? 

Ouch!

Link to comment
Share on other sites

All the lies told by the Junta are now coming to surface.  Prayuth won't like those headlines for one minute as he thought the whole world believed him and the economic miracle that  the military were performing in Thailand since 2014.  Mind you to be realistic, with all the siphoned off funds and kick backs, I guess there are a lot of his team and their Elite supporters who don't give a damn about the impact this will have on the less well of in Thailand. Never have done so guess they never will.

Link to comment
Share on other sites

7 hours ago, Cadbury said:

Surely this wouldn't be because the country is governed by a military regime and is economically wet behind the ears and controlled by a self appointed leader who gets the job as Chairman of ASEAN simply because of rotation alone and no other valid qualification? 

I don't agree with your characterization but by Prayut's own admission, it has taken Thailand more than 4 years since the coup to recapture the growth rate produced by Yingluck's regime in 2012. During those lost years other ASEAN countries economic performance continued largely unabated.

Thailand's lost GDP growth in those years could have helped soften the eventual global economic cooling being experienced now especially affected by BOT's continue support of a high value baht and by POTUS Trump's global tariff wars and economic sanctions applied against friend and foe for resisting his nationalistic foreign policies for almost the last three years.

Prayut's DPM Somkid for Economic Affairs did for two years provide successful economic stimulation policies to help revitalize Thailand's economy. But ultimately his policies have degraded into erratic public "gifts," farmer subsidies with no overall strategic plan and corporate bailouts to sustain Prayut's power base rather than meet the long-term needs of the Thai electorate in general.

Link to comment
Share on other sites

8 hours ago, webfact said:

The Bank projected Thailand’s economic growth rate at 3.8 per cent this year

Ummm, some economic sources such as Siam Commercial Bank's Economic Intelligence Center are now saying 3.6%.

https://forum.thaivisa.com/topic/1094746-thai-economy-shows-good-performance-scb/?utm_source=newsletter-20190412-0608&utm_medium=email&utm_campaign=news

Link to comment
Share on other sites

52 minutes ago, Srikcir said:

I don't agree with your characterization but by Prayut's own admission, it has taken Thailand more than 4 years since the coup to recapture the growth rate produced by Yingluck's regime in 2012. During those lost years other ASEAN countries economic performance continued largely unabated.

Thailand's lost GDP growth in those years could have helped soften the eventual global economic cooling being experienced now especially affected by BOT's continue support of a high value baht and by POTUS Trump's global tariff wars and economic sanctions applied against friend and foe for resisting his nationalistic foreign policies for almost the last three years.

Prayut's DPM Somkid for Economic Affairs did for two years provide successful economic stimulation policies to help revitalize Thailand's economy. But ultimately his policies have degraded into erratic public "gifts," farmer subsidies with no overall strategic plan and corporate bailouts to sustain Prayut's power base rather than meet the long-term needs of the Thai electorate in general.

I respect your comments. Here is a graphical history of junta average wages since 2104. A terrible indictment of how these fools run the country. The people of Thailand are stuffed. All except the 1% who own 69% of the wealth which includes most of the toad like military generals.

https://asia.nikkei.com/Spotlight/Cover-Story/The-99-election-Thais-are-worse-off-after-five-years-of-military-rule

 

Thailand average wage v GDP.png

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...