Jump to content
BANGKOK
webfact

Thai economic growth remains fragile as GDP expands just 2.4 per cent

Recommended Posts

1 minute ago, kotsak said:

They should count their blessing if it managed to expand that much.

 

yes indeed, such a growth rate in the western world would be deemed a massive improvement. Of course, in Asia, it is a bit of a downer and maybe the shape of things to come? 

  • Like 2

Share this post


Link to post
Share on other sites
31 minutes ago, webfact said:

After seasonal adjustment, the Thai economy in 2019Q3 expanded by 0.1 per cent (QoQ SA).

This says it all the Thai economy is slowing down 

 

  • Like 2

Share this post


Link to post
Share on other sites

Quote:  ".......driven mainly by increases in private and government final consumption expenditure and investment."

 

I bet that the vast majority was Government expenditure and investment - all paid for by debt/loans - with little real private expensitures.  They are trying to make it look like there is growth, but all they are measuring is their own expenditures.  They even admitted it when they said that the recent 1000 Baht rebate scheme was done to increase economic growth figures. 

 

There is only so much smoke and mirrors that will work, before a financial storm comes and blows it all away, leaving the truth about the Thai economy - it is shrinking (IMO). All this false economic growth fulled by more and more expenditures by Govt will eventually bite back.  IMO it is just a matter of time and the longer the 'correction' takes, the harder the bite will be.

 

When the Thai Baht crashed in 1997 it lead to a financial crisis in SEAsia.  This time round, the other regional economies are in a much stronger position, and I dont see Thailand taking anyone else down this time - mainly only themselves. 

 

  • Like 2

Share this post


Link to post
Share on other sites

The problem is, that the Thai economic grows (much) less than the neighbor countries. Below minimum 3,5% is not enough for a 2nd world country.

  • Like 1
  • Thanks 1

Share this post


Link to post
Share on other sites

Actually it's not that bad considering how other neighbors such as Australia who have achieved worse figures and given how there is a global downturn everywhere.

  • Confused 2
  • Sad 1

Share this post


Link to post
Share on other sites
17 minutes ago, AussieBob18 said:

This time round, the other regional economies are in a much stronger position, and I dont see Thailand taking anyone else down this time

https://www.aseanbriefing.com/news/2019/02/07/thailands-investment-outlook-for-2019.html

 

"Thailand's economy is driven by strong domestic demand. ... It is ranked 27 out of 190 economies and second among its ASEAN neighbors, after Malaysia. Thailand is an upper-middle income country, with the lowest levels of extreme poverty as measured by the International Poverty Line (IPL).Feb 7, 2019"

 

Please do your homework; the fundamentals are sound (current account, debt-to-gdp ratio, etc). Yes, the world is experiencing recession; but Thailand is well holding its own in this environment. With their low debt ratio, could they not do more with economic stimulus? Indeed. And by all accounts, that's where they're heading.

 

No, Thailand has learned a lot since 1997. That scenario will not repeat.

 

Share this post


Link to post
Share on other sites
17 minutes ago, JimGant said:

https://www.aseanbriefing.com/news/2019/02/07/thailands-investment-outlook-for-2019.html

 

"Thailand's economy is driven by strong domestic demand. ... It is ranked 27 out of 190 economies and second among its ASEAN neighbors, after Malaysia. Thailand is an upper-middle income country, with the lowest levels of extreme poverty as measured by the International Poverty Line (IPL).Feb 7, 2019"

 

Please do your homework; the fundamentals are sound (current account, debt-to-gdp ratio, etc). Yes, the world is experiencing recession; but Thailand is well holding its own in this environment. With their low debt ratio, could they not do more with economic stimulus? Indeed. And by all accounts, that's where they're heading.

 

No, Thailand has learned a lot since 1997. That scenario will not repeat.

 

 

18 minutes ago, JimGant said:

https://www.aseanbriefing.com/news/2019/02/07/thailands-investment-outlook-for-2019.html

 

"Thailand's economy is driven by strong domestic demand. ... It is ranked 27 out of 190 economies and second among its ASEAN neighbors, after Malaysia. Thailand is an upper-middle income country, with the lowest levels of extreme poverty as measured by the International Poverty Line (IPL).Feb 7, 2019"

 

Please do your homework; the fundamentals are sound (current account, debt-to-gdp ratio, etc). Yes, the world is experiencing recession; but Thailand is well holding its own in this environment. With their low debt ratio, could they not do more with economic stimulus? Indeed. And by all accounts, that's where they're heading.

 

No, Thailand has learned a lot since 1997. That scenario will not repeat.

 

From the horse’s mouth. Domestic demand is fuelled by cheap money. And poor lending standards. It will crumble. Unsustainable. The Governor warns....

https://www.thaiexaminer.com/thai-news-foreigners/2019/09/18/personal-debt-thailand-bank-governor-suffiency-economic-thinking-young-thai-people/

  • Like 1

Share this post


Link to post
Share on other sites

Are the figure on the right axis in millions of THB ?

 

To me it looks like a substantial increase of the foreign debt in a relatively short time and this increase cannot continue in this way for a long time.

  • Like 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...