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Here’s Why Thailand’s Dire Economic Outlook Is the Worst in Asia

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8 minutes ago, mberbae said:

15% from Tourism ?? More like 25-30%.

Meanwhile the baht stays strong, driving

the foreigners out. Isn't that the plan ? !!

7.5% of GDP from domestic tourism

11.5% of GDP from international tourism.

Tourism Total = 18% of GDP - GDP = USD 520 bill.

 

and tourism is 20% of all exports, exports accounting for 60% of GDP.

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I don’t think so they need to change there Baht into dollars ready to flee when the mob turn on them.

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4 hours ago, rkidlad said:

9E066E61-F7B2-48DC-ACE3-32856D06F313.jpeg

Yes, thank you! Are their any viable candidates in Thailand who could shake things up in Bangkok?

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I've read past articles in TV that says tourism is only a very small piece of the Thai economic picture. I know that's a very wrong statement and their trying to undermine the real story on whats happening in Thailand.

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Posted (edited)
24 minutes ago, rvaviator said:

Its the power of 'marketing' ... Fear of the unknown ......

I just get the feeling theirs more to these lockdowns worldwide because these countries are all saying the same exact thing. Are they having teleconferences something isn't right here! Are Thai people waking up as to whats going on inside their country? My Thai wife when I ask on the phone because I cant be with her yet what on earth is going on in Thailand she always says what can I say like shes afraid to talk about it.

Edited by Mikeasq60
I changed a few things in the story line
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It does not take a genius to figure out the reason why the outlook is so bleak. Thailand has in the past done very well and relied heavily on the tourist dollar, but for some totally inexplicable reason have now decided to treat western tourist in a manner that can only be described as lower than one would treat a dog 😞 

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Hoping this is accurate...

...then multiply by a thousand! :thumbsup:

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1 hour ago, Trillian said:

Yes I recognise that and I agree that government might have done more to achieve better growth. That said, and I'm not going to be exact on these numbers, Vietnam saw something like 7% growth in GDP whilst Thailand saw half that amount. In dollar income terms they both saw the same amount because Thailand's GDP is twice that of Vietnam. Another aspect of this is that there is a finite amount of business to be had at any point in time and the two countries shared it equally, the trajectory is therefore not necessarily downwards at all.

China’s (a far,far bigger economy)  consistent 6+% growth rate rather blows that theory out of the water...

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36 minutes ago, Mikeasq60 said:

I just get the feeling theirs more to these lockdowns worldwide because these countries are all saying the same exact thing. Are they having teleconferences something isn't right here! Are Thai people waking up as to whats going on inside their country? My Thai wife when I ask on the phone because I cant be with her yet what on earth is going on in Thailand she always says what can I say like shes afraid to talk about it.

She sounds very paranoid. Talking about it over the phone should be zero issue.

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The borders need get open. It is absolutely madness to keep the country shout down. Bankruptcy is knocking on the doors and tragedy is on the horizon . Stop Looking at your own pockets. I have few Thai staff which every one of them support another 5 people. If I go bankrupt then about 18 people will start suffering(I am supporting additional 3). Please open up for tourists to come. This country is highly depended on tourism and you can not change that by only allowing the reach or another method. Regulate the market. and slowly make sure that market is functioning in a healthy form. Open the borders. The cure is causing more problems than the virus.

 

Quote

 

 

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3 hours ago, hansnl said:

Democracy, Sir, is something highly overrated, while it has been degraded to once every four years a totally useless vote because the political elite, from whatever side, will just do what they want.

Yes, democracy - so yesterday, the new way "forward" is socialism or communism, call it whichever, keeps more people occupied - while those at the top continue as usual! Same, same but just a little bit different! 🙂 

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6 minutes ago, nchuckle said:

China’s (a far,far bigger economy)  consistent 6+% growth rate rather blows that theory out of the water...

But China is not SE Asia, it's a totally different economy with different trading partners and exports. Vietnam and Thailand compete along with Malaysia for their share of the same market.

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