loppylugs1 Posted October 21, 2014 Share Posted October 21, 2014 "Thailand facing Stagflation" ( hopefully catch-all Pattaya too) according to BP, good to see downward pressure on the bar fining industry Link to comment Share on other sites More sharing options...
Popular Post paddyjenkins Posted October 21, 2014 Popular Post Share Posted October 21, 2014 I get the feeling you don't know what stagflation actually means 5 Link to comment Share on other sites More sharing options...
canman Posted October 21, 2014 Share Posted October 21, 2014 Never heard the word before but it's an apt word for describing the Thai business model: "When business is slow, raise prices" 1 Link to comment Share on other sites More sharing options...
petercool Posted October 21, 2014 Share Posted October 21, 2014 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. 1 Link to comment Share on other sites More sharing options...
OnMyWay2 Posted October 21, 2014 Share Posted October 21, 2014 Stagflation = prices going up. The only saving grace would be if the baht is weakening. Link to comment Share on other sites More sharing options...
ThaiBob Posted October 21, 2014 Share Posted October 21, 2014 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. Link to comment Share on other sites More sharing options...
loppylugs1 Posted October 21, 2014 Author Share Posted October 21, 2014 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 Link to comment Share on other sites More sharing options...
ToddinChonburi Posted October 25, 2014 Share Posted October 25, 2014 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 !!!! Link to comment Share on other sites More sharing options...
TobyOliver Posted November 2, 2014 Share Posted November 2, 2014 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!) Link to comment Share on other sites More sharing options...
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