Thailand’s prolonged political crisis and poor management of the economy over the past few decades have taken a huge toll on the country’s growth.

 

The Thai economy grew just 1.5 per cent in the first quarter of this year after having expanded 1.7 per cent in the fourth quarter of last year and 1.9 per cent for the full year in 2023, according to state-owned think-tank National Economic and Social Development Council.

 

The country has been bogged down by sluggish growth for decades since the 1997 financial crisis. 

 

Budget woes

 

One of the major causes of the stagnation this year has been the time lag in disbursement of the fiscal 2024 budget due to the delay in its passing by Parliament, which led to a decline in public spending.

 

A political deadlock after the general election in May 2023, which did not give any party a clear majority, led to a delay in the formation of a coalition government.

 

Full story: https://www.thaipbsworld.com/has-thailand-become-the-sick-man-of-asean/

 

Full story: Thai PBS 2024-06-04

 

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There is nothing done by the Government yet for the economy. They are too busu with the Thaksin family,and the 10k scam. And there is so much that could have been done. Better infrastructure for tourists, f e publuc toilets, adjusting outdated alcohol law an price, higher daily dalaries so that locals van buy more, less holidays as holidays on a weekend day don't need to be compensated. No manipulation of the THB. And many more things.

Half the population lives in the Third World, the other half in the Second.

 

Only a completely changed education system will achieve change, and that's a 20-year project at least, starting with kindergarten & working its way up to tertiary levels.

 

Then there's corruption to be tackled, preferably by the non-corrupt (if you can find them).

 

Think Batista's Cuba 1950. Think Fidel 1958. Hint hint ...

22 minutes ago, ikke1959 said:

There is nothing done by the Government yet for the economy. They are too busu with the Thaksin family,and the 10k scam. And there is so much that could have been done. Better infrastructure for tourists, f e publuc toilets, adjusting outdated alcohol law an price, higher daily dalaries so that locals van buy more, less holidays as holidays on a weekend day don't need to be compensated. No manipulation of the THB. And many more things.

Like spell checking?

Until there is a genuine election, with no interference from the Military or him that can not be mentioned, and the unnamed influential people, it will continue it's downward spiral of going broke.  

49 minutes ago, KannikaP said:

Like spell checking?

Excellent comment

normal, wouldn't expect anything better for/from a banana republic

3 hours ago, webfact said:

Thailand’s prolonged political crisis and poor management of the economy over the past few decades have taken a huge toll on the country’s growth.

Now it relies only on tourism and the sex trade.

 

1 hour ago, brianthainess said:

Until there is a genuine election, with no interference from the Military or him that can not be mentioned, and the unnamed influential people, it will continue it's downward spiral of going broke.  

No time soon then.

A particularly dangerous troll post and a reply have been removed as they were in violation of our Community Standards.

Quote: "Year after year capital spending has been getting squeezed, accounting for just about 20 per cent of the total outlay.  The public and opposition parties could cry hoarse over budget allocations to the Defense Ministry and related organizations but could change almost nothing."

 

Prime example: A totally unnecessary, blackmail susceptible, & future budgetary expensive albatross known as the RTN Admirals Chinese submarine.

6 hours ago, webfact said:

Thailand’s prolonged political crisis and poor management of the economy over the past few decades have taken a huge toll on the country’s growth.

 

The Thai economy grew just 1.5 per cent in the first quarter of this year after having expanded 1.7 per cent in the fourth quarter of last year and 1.9 per cent for the full year in 2023, according to state-owned think-tank National Economic and Social Development Council.

 

The country has been bogged down by sluggish growth for decades since the 1997 financial crisis. 

How can this be when they had such such good leaders? Are they now trying to tell us the opposite?

Not only do repetitive coups cost money to stage and operate, they stall or slow the growth rate, and cause inflation.

Thailand ranks no.3 in the worlds most frequent coup d'état country.  Sept. 22, 2021

https://www.nationthailand.com/vdo/40006505

 

3 minutes ago, Srikcir said:

Not only do repetitive coups cost money to stage and operate, they stall or slow the growth rate, and cause inflation.

Thailand ranks no.3 in the worlds most frequent coup d'état country.  Sept. 22, 2021

https://www.nationthailand.com/vdo/40006505

 

Only third? they need to get more active to get to the world leader spot. 

no surprise. like watching a train wreck in slow motion. all for the benefit of a few families, congrats, you got the country the deserve