Thai Chamber of Commerce: Political outcome difficult to predict

[webfact]

Thawanat: Political outcome difficult to predict

BANGKOK, 5 May 2014 (NNT) - The Director of the Center for Economic and Business Forecasting (CEBF) of the University of the Thai Chamber of Commerce (UTCC) has shared his outlook regarding the Thai economy and the current political situation.

CEBF Director Thanawat Polvichai has stated that the outcome of the current political stalemate is difficult to predict. Nonetheless, he feels that people from all sides want the conflict to end swiftly, as the economy is heading into a downwards spiral.

He added that the People’s Democratic Reform Committee (PDRC) and the red-shirt group are being very active within their movements, which makes it even more challenging to see which side might prevail.

Regarding the rising cost of living, Mr. Thanawat said that it really depends on a person’s overall view of the situation. From his perspective, inflation this year has risen by only 2 percent and the prices of consumer goods aren’t yet excessive.

He went on to say that many business operators have raised their prices to stay in line with the consumers’ purchasing power.

Mr. Thanawat concluded by saying that the government should quickly come up with plans to help the economy recover and hold talks with the private sector regarding the prices of consumer products.


-- NNT 2014-05-05

[chainarong]

Yeah , we know.

[bigbamboo]

So Mr Thanawatra says the cost of living has only risen two per cent this year. He must have been cribbing from Kittikat the Lying King's latest speech.

Edited May 5, 2014 by bigbamboo

[Costas2008]

So Mr Thanawatra says inflation has only risen two per cent this year. He must have been cribbing from Kittikat the Lying King's latest speech.

Yep....they have.......cigarettes went up by 2Baht from yesterday..........

[Lupatria]

Blame it on the broken glass bowl. You can always borrow the one of the TAT.

[Thai at Heart]

These guys are sharp.

[h90]

So Mr Thanawatra says the cost of living has only risen two per cent this year. He must have been cribbing from Kittikat the Lying King's latest speech.

Well it depends, if you put RAM, iPhone, Samsung S4 into the calculation than it doesn't matter much if the eggs and the rice doubled in price. The iPhone is a lot cheaper now.

[Thaiisnotrequired]

Political outcome difficult to predict

No it's not. Just get a Thammasat/Chula student to make a survey of 1209 participants from Esan, and the result is clear.

[Thaiisnotrequired]

So Mr Thanawatra says the cost of living has only risen two per cent this year. He must have been cribbing from Kittikat the Lying King's latest speech.

The iPhone is a lot cheaper now.

Doesn't that depend upon which daddy/brother is buying it for you, and exactly what you crashed in the first place, like a country perhaps?

Edited May 5, 2014 by Thaiisnotrequired

[Local Drunk]

It's simple. Everyone loses

[surangw]

want to predict who the next leaders will be, ust see who their relatives are.