webfact Posted April 24, 2019 Share Posted April 24, 2019 Asia-Pacific economies to slow, Thailand’s growth rate lower than regional average: World Bank projection By The Nation 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 -- © Copyright The Nation 2019-04-24 Link to comment Share on other sites More sharing options...
petermik Posted April 24, 2019 Share Posted April 24, 2019 Not true....the Thai Finance minister will surely denounce this as some body trying to cause mischief Link to comment Share on other sites More sharing options...
RotBenz8888 Posted April 24, 2019 Share Posted April 24, 2019 It's easy to fix, TAT just increases the tourist arrivals. Link to comment Share on other sites More sharing options...
Cadbury Posted April 24, 2019 Share Posted April 24, 2019 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 More sharing options...
SkyNets Posted April 24, 2019 Share Posted April 24, 2019 Is this fake news? I'm told twice daily the opposite by the guys with many medals on chest! Link to comment Share on other sites More sharing options...
kotsak Posted April 24, 2019 Share Posted April 24, 2019 How about slapping it with an article 44 to bring it back to its senses? Link to comment Share on other sites More sharing options...
Orton Rd Posted April 24, 2019 Share Posted April 24, 2019 Baht need to be devalued Link to comment Share on other sites More sharing options...
holy cow cm Posted April 24, 2019 Share Posted April 24, 2019 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 More sharing options...
candide Posted April 24, 2019 Share Posted April 24, 2019 Since 2014, Thailand's GDP growth rate has been lower than the regional average...... Link to comment Share on other sites More sharing options...
geoffbezoz Posted April 24, 2019 Share Posted April 24, 2019 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 More sharing options...
the guest Posted April 24, 2019 Share Posted April 24, 2019 Growth is much higher than many western nations, so they must be doing something right. Link to comment Share on other sites More sharing options...
Eric Loh Posted April 24, 2019 Share Posted April 24, 2019 The person responsible for Thailand lower growth rate will be in China Thursday inking contracts for more BRI projects and snaring Thailand into debt traps. Link to comment Share on other sites More sharing options...
DrTuner Posted April 24, 2019 Share Posted April 24, 2019 Quick, start paying Indians 2000 baht to flock in, need more quality tourists pronto. Link to comment Share on other sites More sharing options...
Sonhia Posted April 24, 2019 Share Posted April 24, 2019 It is not rocket science to work out the down turn in economic growth witthin Thailand plus other parts of Asia. The evidence is clear to see. Link to comment Share on other sites More sharing options...
Srikcir Posted April 24, 2019 Share Posted April 24, 2019 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 More sharing options...
Srikcir Posted April 24, 2019 Share Posted April 24, 2019 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 More sharing options...
Cadbury Posted April 24, 2019 Share Posted April 24, 2019 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 Link to comment Share on other sites More sharing options...
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