Stagflation looms

[loppylugs1]

"Thailand facing Stagflation" ( hopefully catch-all Pattaya too) according to BP, good to see downward pressure on the bar fining industry

[paddyjenkins]

I get the feeling you don't know what stagflation actually means

[canman]

Never heard the word before but it's an apt word for describing the Thai business model: "When business is slow, raise prices"

[petercool]

This might help ...

DEFINITION OF 'STAGFLATION'

A condition of slow economic growth and relatively high unemployment - a time of stagnation - accompanied by a rise in prices, or inflation.

Stagflation occurs when the economy isn't growing but prices are, which is not a good situation for a country to be in. This happened to a great extent during the 1970s, when world oil prices rose dramatically, fueling sharp inflation in developed countries. For these countries, including the U.S., stagnation increased the inflationary effects.

[OnMyWay2]

Stagflation = prices going up. The only saving grace would be if the baht is weakening.

[ThaiBob]

This might help ...

DEFINITION OF 'STAGFLATION'

A condition of slow economic growth and relatively high unemployment - a time of stagnation - accompanied by a rise in prices, or inflation.

Stagflation occurs when the economy isn't growing but prices are, which is not a good situation for a country to be in. This happened to a great extent during the 1970s, when world oil prices rose dramatically, fueling sharp inflation in developed countries. For these countries, including the U.S., stagnation increased the inflationary effects.

Technically the new FM Sommai Phasee is not using the term correctly as although spending is weak and inflation is higher there is not relatively high unemployment.

[loppylugs1]

This might help ...

DEFINITION OF 'STAGFLATION'

A condition of slow economic growth and relatively high unemployment - a time of stagnation - accompanied by a rise in prices, or inflation.

Stagflation occurs when the economy isn't growing but prices are, which is not a good situation for a country to be in. This happened to a great extent during the 1970s, when world oil prices rose dramatically, fueling sharp inflation in developed countries. For these countries, including the U.S., stagnation increased the inflationary effects.

Technically the new FM Sommai Phasee is not using the term correctly as although spending is weak and inflation is higher there is not relatively high unemployment.

Yet,give it time

[ToddinChonburi]

This might help ...

DEFINITION OF 'STAGFLATION'

A condition of slow economic growth and relatively high unemployment - a time of stagnation - accompanied by a rise in prices, or inflation.

Stagflation occurs when the economy isn't growing but prices are, which is not a good situation for a country to be in. This happened to a great extent during the 1970s, when world oil prices rose dramatically, fueling sharp inflation in developed countries. For these countries, including the U.S., stagnation increased the inflationary effects.

Good answer !!!!

[TobyOliver]

Surly if business is bad it's time to compete and price and offer better service.

I mean if people stopped buying I phones, Apple (for example) doesn't say, oh well let's make our phones worse and charge twice the price. (Not taking into account the 6!)