PM Prayut acknowledges report of Thailand being world’s happiest economy

[webfact]

PM acknowledges report of Thailand being world’s happiest economy

 

 

BANGKOK, 19th February 2018 (NNT) – Prime Minister Gen Prayut Chan-o-cha is pleased with the latest report that Thailand is ranked the world’s least miserable economy this year for the fourth consecutive year. 

Conveying Gen Prayut’s messages, Government Spokesperson Lt Gen Sansern Kaewkamnerd said the prime minister is happy with the latest ranking of Thailand in Bloomberg’s Misery Index 2018 which indicated that Thailand is the happiest economy among 66 countries surveyed. 

The index takes into consideration inflation and unemployment rates which Bloomberg believes generally illustrate how good an economy’s residents feel about life. 

Thailand this year scored 2.5, thanks to low inflation and the low unemployment rate. 

Lt Gen Sansern said the survey coincides with a central bank report that Thailand’s inflation rate stands at 0.66% and the unemployment rate is as low as 1.3%. 

The spokesperson attributed these figures to the government’s economic measures, resulting in the stabilization of the grassroots economy and an improvement in people’s living standards. 

Bloomberg ranked Singapore, Japan, Switzerland, and Taiwan among the happiest after Thailand, and ranked Venezuela the most miserable economy 4 years in a row.

 

-- nnt 2018-02-19

[tracker1]

With that result it must be time for another song of happiness

[Thailand]

I think Bloomberg have their figures in a twist!

[colinneil]

You can give 2 different organizations the same facts/ figures and they will come up with 2 very different results.

[cornishcarlos]

38 minutes ago, webfact said:

Misery Index 2018

 

The year has only just started... Try doing that survey in November when the election has been delayed yet again :)

[ezzra]

There're 195 countries in the world, and only 66 were in the survey, so in one third

countries Thailand is the least miserable, i'm sure that there're many others that will 

dispute the fact, but who are we to stand in the way of the PM happiness?...

 

 

 

 

[cornishcarlos]

A quote directly from the report "Thailand again claimed “least miserable” status,"

 

"Least miserable" is a big difference from "happiest economy"...

 

 

[lamyai3]

He must be chuffed to bits. Return Happiness to Thailand was his first hit single, and since then it's all coming up roses. 

[Darcula]

50 minutes ago, webfact said:

unemployment rate is as low as 1.3%

Swinging in a hammock waiting for passengers at street corners, or spending 6-8 months watching rice grow is still a prohibited occupation?

 

[mick220675]

49 minutes ago, webfact said:

The index takes into consideration inflation and unemployment rates which Bloomberg believes generally illustrate how good an economy’s residents feel about life. 

Given the fact it appears to be almost impossible to be registered unemployed in Thailand the ranking is meaningless.

 

But now the PM has restored happiness to the Thai people he can hold a free election knowing the public will thank him by electing him.

[Jeremy50]

Moronic. 

[steven100]

1 hour ago, webfact said:

Prime Minister Gen Prayut Chan-o-cha is pleased with the latest report that Thailand is ranked the world’s least miserable economy this year for the fourth consecutive year. 

And all the TV nayers can go and whine and whinge as usual. 

Well done Thailand  !!!  

[metisdead]

A music troll post has been removed. 

[steven100]

Just goes to show ... the nayers have been wrong every time about Thailand and this government. They are creating jobs through many projects being implemented. They are assisting the poor rural farmers with free land, financial assistance programs and many other farming programs.

Good job Khun Prayut Chan O Cha and this government.

[PREM-R]

Usually, when a report about Thailand is from an external source there is immediately a statement from  'government' that the figures used are " out of date, incorrect and do not reflect the current position." I wonder if these figures will be contested?

[canuckamuck]

The employment figures are skewed because the 150 people that greet you when you enter a store like Home Pro haven't worked a day in their lives, this same is true for 75% of the people crammed behind the cashiers counter in nearly every shop.

[beautifulthailand99]

No doubt tediously someone will try and shoehorn "happy ending" into the thread. ...

Doh ...I think I just have ....

[sammieuk1]

Expensive watches out Disney watches in happy days.

[Oziex1]

Survey done in Issan or Junta HQ? 

[colinneil]

42 minutes ago, steven100 said:

Just goes to show ... the nayers have been wrong every time about Thailand and this government. They are creating jobs through many projects being implemented. They are assisting the poor rural farmers with free land, financial assistance programs and many other farming programs.

Good job Khun Prayut Chan O Cha and this government.

 

[colinneil]

Just now, colinneil said:

 

 Nice photo Steven, i notice he has hidden the watch.

[yellowboat]

There is plenty of work if you do not mind toiling for 6-7 days a week at low wages.  Where does the average Thai benefit ?  It is a bonanza for the wealthy as always.   I don't a trickle down.   The glasses just get bigger and bigger at the top.

[Eric Loh]

What was conveniently left out by Sansern was that Bloomberg’s caveat that “Thailand has an unique method to calculate unemployment”. 

 

I think low inflation meant low demand and that is not necessary good. The retail sectors are hurting from poor sales. I interpret that as “miserable”. 

[Cadbury]

1 hour ago, Thailand said:

I think Bloomberg have their figures in a twist!

I think Bloomberg rely on figures supplied by the government and the Thai banks. More likely it is those figures that are in a twist and suspect. And I think Bloomberg knows that. They said in a report a few months ago that "Thailand's jobless rate was unusually low".

Bloomberg also said:

"Thailand has one of the lowest unemployment rates in the world, which doesn’t always fit the picture of an emerging-market economy that’s struggling to get growth going".

https://www.bloomberg.com/news/articles/2017-12-05/-big-data-tells-thailand-more-about-jobs-than-low-unemployment

[irwinfc]

salt anyone. either take grains with this news or keep some to rub on the government later

[Hayduke]

55 minutes ago, steven100 said:

Just goes to show ... the nayers have been wrong every time about Thailand and this government....

 

What...pray tell...are 'nayers'?

 

 

[cornishcarlos]

2 minutes ago, Hayduke said:

 

What...pray tell...are 'nayers'?

 

 

 

Horses....

[KiChakayan]

Yeah, I became aware of this happiness when riding through the villages and seeing all the sala bums happily doing nothing and drinking at 9am.

[KiChakayan]

Back in civilized, countries unemployment is defined, amongst other criteria, by a minimum monthly activity time. For instance you not counted as unemployed if you worked more than 5 or 10 days in any give month.

 

Guess that for Thailand this threshold must be 10 minutes.

[Happyman58]

1 hour ago, colinneil said:

You can give 2 different organizations the same facts/ figures and they will come up with 2 very different results.

You know Col  Unemployment they say is 1.3% Omg what rubbish I must be blind then when i drive around Ubon and look at all the lazy Thais not working. Is that unemployment or just pure laziness.  Looking at that pic of the so call ed Pm he must be in store looking for that road map he talks about. Excuse me miss " Have you any road maps ?" Answer would " Huh what that"?