Global conditions arrest Thailand’s economic recovery

[webfact]

 

Thailand’s economic growth in the fourth quarter of last year has disappointed many people. Real gross domestic product (GDP), a broader measure of economic output, grew just 1.4 percent year on year, decelerating sharply from 4.6 percent growth in the third quarter.  

 

The 1.5 percent negative contraction quarter on quarter has raised questions whether the economy might enter a technical recession if it contracts again in the first quarter of this year.

 

Global hiccups 

 

Thailand’s exports had seen a steep drop by 10.5 percent year on year in the fourth quarter.

 

“The global economy has decelerated faster than we expected,” said Danucha Pichayanan, secretary-general at the National Economic and Social Development Council (NESDC), a state-owned think-tank.

 

Full story: https://www.thaipbsworld.com/global-conditions-arrest-thailands-economic-recovery/

 

-- © Copyright Thai PBS 2023-02-22

 

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[mommysboy]

It's not just about the global economy is it? Or even about tourism?

 

 

[ThailandRyan]

It has been stated by many that believing what Thailand publishes about its economy needs to be taken with a grain of salt instead of believing there inflated numbers.  This article is a prime example of how the economy is not doing as well as this government says it is doing. One wonders why the exports and especially the imports, as far as the market shelves of certain foreign items, are bare or the price is way higher than it was. Inflation and a recession are coming.

 

Yet as Prayut has said the economy is doing well.

[vivananahuahin]

high inflation is for a decade, ultracrepidarianism is the defintion from some politicians in Thailand.

[hotchilli]

2 hours ago, webfact said:

The 1.5 percent negative contraction quarter on quarter has raised questions whether the economy might enter a technical recession if it contracts again in the first quarter of this year.

 

Global hiccups 

 

Thailand’s exports had seen a steep drop by 10.5 percent year on year in the fourth quarter

In other news Prayut is happy with Thailands economy... strange that?

[hotchilli]

1 hour ago, ThailandRyan said:

It has been stated by many that believing what Thailand publishes about its economy needs to be taken with a grain of salt instead of believing there inflated numbers.  This article is a prime example of how the economy is not doing as well as this government says it is doing. One wonders why the exports and especially the imports, as far as the market shelves of certain foreign items, are bare or the price is way higher than it was. Inflation and a recession are coming.

 

Yet as Prayut has said the economy is doing well.

A grain of salt, I think we need to swallow the whole 1Kg bag to believe whet they tell us.

[zzaa09]

5 hours ago, ThailandRyan said:

It has been stated by many that believing what Thailand publishes about its economy needs to be taken with a grain of salt instead of believing there inflated numbers.  This article is a prime example of how the economy is not doing as well as this government says it is doing. One wonders why the exports and especially the imports, as far as the market shelves of certain foreign items, are bare or the price is way higher than it was. Inflation and a recession are coming.

 

Yet as Prayut has said the economy is doing well.

Indeed. Yet, they [world's politicians/economists] all speak of rosier times when the shadows of reality and doom and gloom might prove otherwise. That would be the people's economy [the only economic factor that is worthy], not the fledging faux economies that are reflected through corpocracies.