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Thai central bank to cut 2019 growth forecast again - government

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it can happen if they don't do nothing,i think the GDP will not go higher of 1,8% in 2019,there is not yet a recession,but they need to be careful and readjust the currency,economy for a country is very important and the last 6 months tourism and export are going down and down.

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6 minutes ago, tjo o tjim said:

how exactly could 1997 happen again with the Baht already floated?

It's not freely floated, there are controls in place.

 

Removing those controls....

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1 hour ago, harada said:

Entrenched corruption has inevitably killed the goose. 😢

I agree and it's history (Indonesia, Malaysia, Philippines...) repeating itself.  

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So ironic—the recipient of hot money inflows from foreign unnamed sources, now lowers their estimate of growth.  Well, duh!  Maybe you should not hold so many short term bond sales, or at least take and distribute fewer kickbacks...

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The annual ritual of cutting forecasts.  3.3% is very low for a country with Thailands GDP per capita.  Check neighboring countries including Malaysia.

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On 8/19/2019 at 10:38 AM, vivananahuahin said:

i think the GDP will not go higher of 1,8%

Think you're at least 1.8% over !

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No. The property bubble in 97 was far bigger. Real estate speculation was rampant and out of control then.

Can 1997 happen again here? You would not bet against it.

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