webfact Posted February 22, 2023 Share Posted February 22, 2023 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 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information. 1 Link to comment Share on other sites More sharing options...
mommysboy Posted February 22, 2023 Share Posted February 22, 2023 It's not just about the global economy is it? Or even about tourism? Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted February 22, 2023 Popular Post Share Posted February 22, 2023 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. 3 2 1 Link to comment Share on other sites More sharing options...
vivananahuahin Posted February 22, 2023 Share Posted February 22, 2023 high inflation is for a decade, ultracrepidarianism is the defintion from some politicians in Thailand. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted February 22, 2023 Share Posted February 22, 2023 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? 1 Link to comment Share on other sites More sharing options...
hotchilli Posted February 22, 2023 Share Posted February 22, 2023 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. 1 Link to comment Share on other sites More sharing options...
zzaa09 Posted February 22, 2023 Share Posted February 22, 2023 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. 1 Link to comment Share on other sites More sharing options...
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now