Thai Economic Expert Warns of Potential Economic Slump Due to Possible Street Protests

[snoop1130]

 

President of the University of the Thai Chamber of Commerce Thanawat Phonwichai warned that Thailand might suffer an economic downturn if the Move Forward Party (MFP), the political party that won the most seats in the recent election, fails to form a government.

 

Mr. Thanawat revealed the results of a survey on consumer confidence and business confidence in Thailand conducted in May.

 

By Tanakorn Panyadee

 

Full Story: https://thepattayanews.com/2023/06/09/thai-economic-expert-warns-of-potential-economic-slump-due-to-possible-street-protests/

 

-- © Copyright The Pattaya News 2023-06-09

 

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[bignok]

Chaos/mai pen rai

 

Thailand I know. Never changes. 

[MrMojoRisin]

More pressure on the military establishment to sit down, shut up and do as they’re told.

 

Good.

[Gknrd]

designed coup.  

[Plern]

A bureaucrat hypothesizes about his wet dream.

 

Trial balloon? Poison pill? I'm so confused

[ikke1959]

Who cares?? as long as the military stay in power, and the richest can get richer every year by using the people of the country for them. and for God sake it is forbidden to say anythi g, do anything or use anything what they don't like because there is a law that covers all .. section 112.. Looks more like slavery or a work camp instead of a democracy, and every attempt to change anything will be answered with a coup. with the excuse of a danger for the safety of the country... But if this Government can;'t rule .... I think the country is doomed

Edited June 9, 2023 by ikke1959

[zzaa09]

Uh-huh.

Experts chiming in. 

 

 

[Geoffggi]

10 hours ago, snoop1130 said:

President of the University of the Thai Chamber of Commerce Thanawat Phonwichai warned that Thailand might suffer an economic downturn if the Move Forward Party (MFP), the political party that won the most seats in the recent election, fails to form a government.

Here's a novel idea, how about giving the people what they want and voted for without all this BS ........................!!!

[hotchilli]

11 hours ago, snoop1130 said:

President of the University of the Thai Chamber of Commerce Thanawat Phonwichai warned that Thailand might suffer an economic downturn if the Move Forward Party (MFP), the political party that won the most seats in the recent election, fails to form a government.

I'd say that was a certainty.

[RichardColeman]

On your marks !

 

Get set !

Get set !

Get set !

Get set !

Get set !

.......................

 

 

[Hakuna Matata]

12 hours ago, bignok said:

Chaos/mai pen rai

 

Thailand I know. Never changes. 

Yes, without Prayut, there will be chaos again in Thailand. It will negatively impact the business climate in the Kingdom.

[h90]

13 hours ago, MrMojoRisin said:

More pressure on the military establishment to sit down, shut up and do as they’re told.

 

Good.

military??? They neither do street protests nor form a government....They are not yet involved

[h90]

12 hours ago, ikke1959 said:

Who cares?? as long as the military stay in power, and the richest can get richer every year by using the people of the country for them. and for God sake it is forbidden to say anythi g, do anything or use anything what they don't like because there is a law that covers all .. section 112.. Looks more like slavery or a work camp instead of a democracy, and every attempt to change anything will be answered with a coup. with the excuse of a danger for the safety of the country... But if this Government can;'t rule .... I think the country is doomed

Slavery? Work camp?? There are lots of Thais who don't work anything and get fed somehow. There are lots of Thais who come from very poor and get wealthy business owner, as it is easy to open business, much easier than in Europe.
And there is a lot competition between companies for good worker so the salaries of good one are increasing. where is the slavery and the forced labor?

[h90]

2 hours ago, Geoffggi said:

Here's a novel idea, how about giving the people what they want and voted for without all this BS ........................!!!

what BS? So far no one is blocking anything.

[bamnutsak]

Since any protests would lead to "instability", which would require the military to stage another coup (attention, find that old NCPO stationary for issuing Attitude Adjustments), which will lead to forced stability, I would think that would lead to improved economic conditions. It's kind of SOP for Thailand right? 

[h90]

52 minutes ago, Hakuna Matata said:

Yes, without Prayut, there will be chaos again in Thailand. It will negatively impact the business climate in the Kingdom.

Prayut is already past....Lets hope they find a government that is not radical left......

[h90]

1 minute ago, bamnutsak said:

Since any protests would lead to "instability", which would require the military to stage another coup (attention, find that old NCPO stationary for issuing Attitude Adjustments), which will lead to forced stability, I would think that would lead to improved economic conditions. It's kind of SOP for Thailand right? 

I prefer a military government over violent red shirt protests or yellow shirts blocking the airports......or shooting on the streets because of a war against drugs and common sense.

[MrMojoRisin]

11 minutes ago, h90 said:

military??? They neither do street protests nor form a government....They are not yet involved

You think the military aren’t involved in either street protests (oppressing them) or forming government (since 2006 there have been more years with a General in charge than an elected politician)? Why do you bother with so many falsities?

Edited June 10, 2023 by MrMojoRisin

[bamnutsak]

2 minutes ago, h90 said:

I prefer a military government over violent red shirt protests or yellow shirts blocking the airports......or shooting on the streets because of a war against drugs and common sense.

Yes, and don't forget, with a military government, that the trains run on time too.

 

 

 

 

[h90]

43 minutes ago, bamnutsak said:

Yes, and don't forget, with a military government, that the trains run on time too.

 

 

 

 

not in Thailand....

[StayinThailand2much]

14 hours ago, snoop1130 said:

Thailand might suffer an economic downturn if the Move Forward Party (...) fails to form a government.

Not only this, but putting most of one's eggs into the Chinese basket might not help either, as the Chinese economy reportedly is stagnating.

Edited June 10, 2023 by StayinThailand2much

[h90]

48 minutes ago, MrMojoRisin said:

You think the military aren’t involved in either street protests (oppressing them) or forming government (since 2006 there have been more years with a General in charge than an elected politician)? Why do you bother with so many falsities?

When I copy/paste...hope it is correct:

• 2006-2008: The first government of Surayud Chulanont, following the coup d'état that ousted Thaksin Shinawatra.
• 2008-2011: The government of Abhisit Vejjajiva, following the dissolution of the People's Power Party.
• 2011-2014: The government of Yingluck Shinawatra, following the landslide victory of the Pheu Thai Party in the 2011 general election.
• 2014-2019: The military junta known as the National Council for Peace and Order, following the coup d'état that ousted Yingluck Shinawatra.
• 2019-present: The government of Prayut Chan-o-cha, following the 2019 general election.

2 year military Surayud+5 year 2014-19=7
5? (maybe 4) years Samak+Abhisit 3 year Yingluck? 2019-2023: 4 year elected Prayut
So even with some mistakes it is clearly more elected than military. So you are wrong with that

[h90]

5 minutes ago, StayinThailand2much said:

Not only this, but putting most of one's eggs into the Chinese basket might not help either, as the Chinese economy reportedly is stagnating.

...they report good growth but you can't trust their numbers. But they are a good buyer for food from Thailand and that is supposed to increase with the train...now a lot is loaded in Laos which is extra costs.
The move away from China from MF will be catastrophic. It should be keeping China and adding other countries.

[MrMojoRisin]

11 minutes ago, h90 said:

When I copy/paste...hope it is correct:

• 2006-2008: The first government of Surayud Chulanont, following the coup d'état that ousted Thaksin Shinawatra.
• 2008-2011: The government of Abhisit Vejjajiva, following the dissolution of the People's Power Party.
• 2011-2014: The government of Yingluck Shinawatra, following the landslide victory of the Pheu Thai Party in the 2011 general election.
• 2014-2019: The military junta known as the National Council for Peace and Order, following the coup d'état that ousted Yingluck Shinawatra.
• 2019-present: The government of Prayut Chan-o-cha, following the 2019 general election.

2 year military Surayud+5 year 2014-19=7
5? (maybe 4) years Samak+Abhisit 3 year Yingluck? 2019-2023: 4 year elected Prayut
So even with some mistakes it is clearly more elected than military. So you are wrong with that

Nonsense.

 

9 years Prayuth + 2 years Surayad = 11 years out of a 17 year period (not to mention that Abhisit was merely a military puppet so it’s really much more like 14 years of undemocratic military rule).

 

Samak and the two PM’s that followed him won the 2007 election and only governed for 11 months. Yingluck won the 2011 election and only governed for 22 months. Thailand had properly elected governments for a total of 33 months out of about 200 months.

[ikke1959]

1 hour ago, h90 said:

Slavery? Work camp?? There are lots of Thais who don't work anything and get fed somehow. There are lots of Thais who come from very poor and get wealthy business owner, as it is easy to open business, much easier than in Europe.
And there is a lot competition between companies for good worker so the salaries of good one are increasing. where is the slavery and the forced labor?

working days of more than 8 hours, 7 days a week, I am wondering why there is no institution for labourers as in other countries for better salaries, working times and conditions, Yesterday and in Covid time we could read how many nurses are overworked..and in factories, restaurants, bars etc many hours do they have to work for how much?? Even a proposal of 450 THb a day is too much and a lot of people have to work on holidays as a day wage is a day of no payment...Other than Government people That is a new kind of slavery. How many people have to struggle to make ends meet while others having holiday in Europe and don't care. 

[MrMojoRisin]

1 hour ago, h90 said:

I prefer a military government over violent red shirt protests or yellow shirts blocking the airports......or shooting on the streets because of a war against drugs and common sense.

How ironic, the root cause of all the things you don’t like is…., military governments.

????????????

 

No military government and there is no red shirts or yellow shirts.

 

The war on drugs, however, was never part of the pro / anti democracy struggle. Orders came from above and the war itself had, at times, well over 90% public support. Why? What was the incident that stoked public outrage about the drug problem raging out of control in Thailand?

 

This:
 

Curled up asleep under a blanket in the corner of the nursery, a single toddler survived the horror. Nearly two dozen others did not. Panya Khamrab, a former police officer, hacked them to death with a machete on October 6th on his rampage through a child-care centre in Nong Bua Lam Phu in Thailand’s north-east. He also killed more than a dozen adults, some of them minders trying to protect the children. Then he went home, where he shot and killed his wife and her son before taking his own life.

[chalawaan]

More of the same ahead, democratic instability, the people's choice forced in to exile, or worse, and the crew-cut goons back for coup number twenty one! 

This number counts all the non-democratic insurrections since 1912. 

[chalawaan]

2 hours ago, MrMojoRisin said:

How ironic, the root cause of all the things you don’t like is…., military governments.

????????????

 

No military government and there is no red shirts or yellow shirts.

 

The war on drugs, however, was never part of the pro / anti democracy struggle. Orders came from above and the war itself had, at times, well over 90% public support. Why? What was the incident that stoked public outrage about the drug problem raging out of control in Thailand?

 

This:
 

Curled up asleep under a blanket in the corner of the nursery, a single toddler survived the horror. Nearly two dozen others did not. Panya Khamrab, a former police officer, hacked them to death with a machete on October 6th on his rampage through a child-care centre in Nong Bua Lam Phu in Thailand’s north-east. He also killed more than a dozen adults, some of them minders trying to protect the children. Then he went home, where he shot and killed his wife and her son before taking his own life.

Firstly, the public's overwhelmingly misguided support for the war on drugs was going on long before this maniac acted, and secondly, from statistics alone, his extreme mental state, and not meth are to blame for this horror.  Going by the weekly hauls alone, at least a million people in LoS use amphetamines at least once a week, and the rest of us would not even know it! 

And thirdly,  you're wildly off-topic. 

[billd766]

19 hours ago, MrMojoRisin said:

More pressure on the military establishment to sit down, shut up and do as they’re told.

 

Good.

It will depend on who actually does the telling.

[zzaa09]

23 hours ago, Gknrd said:

designed coup.  

A soft back door coup. 

Wouldn't be unheard of. 

 

Usually.....their last resort.