webfact Posted December 30, 2014 Share Posted December 30, 2014 BoT projects Thai economy will pick up slowly next yearBy Digital ContentBANGKOK, Dec 31 -- The Bank of Thailand (BoT) expects the Thai economy will gradually improve in 2015 regarding consumption recovery in the private sector in November.It also projects increasing sales of automobiles, houses and electrical appliances next year.Roong Mallikamas, BoT's senior director for the Macroeconomic and Monetary Policies Department, said the Thai economy saw positive signs in consumption and investment in the private sector and government. She said both factors would strengthen the national economy next year.She expects recovery next year in the consumption of durable goods like automobiles, homes and electrical appliances.Ms Roong said investment in the private sector in November increased by 1.4 per cent from that in October.The private sector invested more in machinery and equipment, including investment in 3G mobile phone networks.In addition, new property development projects raised investment in construction.In November, the value of Thai export dropped by 1.8 per cent from its level in October because of economic slowdowns in trading partners including China, Japan and European countries.The prices of some exports fell due to the lower oil price, and the value of exports in October rose by 4.1 per cent from the previous month.Thailand's exports grew more slowly than that of other countries in the region.The value of imports dropped by 4.2 per cent as the crude oil price decreased and oil companies reduced their stocks.(MCOT online news)-- TNA 2014-12-31 Link to comment Share on other sites More sharing options...
bangkokheat Posted December 31, 2014 Share Posted December 31, 2014 wasnt it only last week bot projected 2015 to get worse Link to comment Share on other sites More sharing options...
BSJ Posted December 31, 2014 Share Posted December 31, 2014 I wish I wish upon a star the BOT would not go so far to predict a rise when there has been none thus far. A Chrystal ball would do so well to show the future and all is well, which for all we know, could be predicting so much snow in the month of April we will need our skii's and stocks as well. Link to comment Share on other sites More sharing options...
wabothai Posted December 31, 2014 Share Posted December 31, 2014 next will be dishwasher mania. With borrowed money (from who). household depth even higher. Great forcast !!!! Link to comment Share on other sites More sharing options...
Suffinator Posted December 31, 2014 Share Posted December 31, 2014 More propaganda. As for the housing market ... spoke to a friend of mine who has been in real estate for 15 years in Thailand. According to him house sales are almost non-existent as foreigner become increasingly aware that buying a home using a Thai Nominee company is not only illegal but carries a high risk. If they change the FBA some will lose vasts amounts of money. The rental market appears ok but mostly it's short term for tourists; he's even noticed a significant drop in long-term rentals from expats as they increasingly look to Vietnam, Cambodia and Malaysia. 2 Link to comment Share on other sites More sharing options...
worgeordie Posted December 31, 2014 Share Posted December 31, 2014 The Thai population needs to stop getting into more debit, and manage their finances,of course that will never happen, its a must have,and have it now society,not only here ,the West has the same problems, regards Worgeordie Link to comment Share on other sites More sharing options...
rickirs Posted December 31, 2014 Share Posted December 31, 2014 Just days ago the BOT “slashed” economic growth forecast for 2015 from 4.8% to 4% because of “lower-than-expected government spending and slow recovery of private investment, tourism income and export expansion.” In October 2014 World Bank economist Miss Kirida Paopichit predicted that the country’s GDP for next year would grow about 3.5 percent. At least now the BOT is only predicting the economy for 2015 will “gradually improve.” No estimate as to how much. But improvement will have to come almost entirely from domestic consumption and real estate. Unfortunately, even these business sectors do not operate in isolation from the global economy or even from the ASEAN Community economy so as not to be affected adversely by economic events beyond Thailand’s control. Best projection for GDP growth in 2015 will be 2%-3%. Anything below 2% following the stagnant economy of 2014 will likely trigger deflation. Maybe the deal with China to allow the exchange of the deteriorating baht for yuans was an unintentionally smart move for Thailand that would shore up its own foreign reserve value as the baht continues to lose value. Link to comment Share on other sites More sharing options...
Thai at Heart Posted December 31, 2014 Share Posted December 31, 2014 Just days ago the BOT slashed economic growth forecast for 2015 from 4.8% to 4% because of lower-than-expected government spending and slow recovery of private investment, tourism income and export expansion. In October 2014 World Bank economist Miss Kirida Paopichit predicted that the countrys GDP for next year would grow about 3.5 percent. At least now the BOT is only predicting the economy for 2015 will gradually improve. No estimate as to how much. But improvement will have to come almost entirely from domestic consumption and real estate. Unfortunately, even these business sectors do not operate in isolation from the global economy or even from the ASEAN Community economy so as not to be affected adversely by economic events beyond Thailands control. Best projection for GDP growth in 2015 will be 2%-3%. Anything below 2% following the stagnant economy of 2014 will likely trigger deflation. Maybe the deal with China to allow the exchange of the deteriorating baht for yuans was an unintentionally smart move for Thailand that would shore up its own foreign reserve value as the baht continues to lose value. So 4.8% is now 4% and they haven't even got to 2015 yet. More white lies I fear Link to comment Share on other sites More sharing options...
tullynagardy Posted December 31, 2014 Share Posted December 31, 2014 (edited) Just last week the junta declared the economy would bounce back in 2015 when listing their "economic accomplishments." Is this article suggesting the dear leader is telling porkies!? Surely not? BTW That tiny increase in investment is still a third down on what we had before the elite sent mad Suthep out at this time last year. A whole year of flat lining growth to try and hold onto their weakening grip on power. Edited December 31, 2014 by tullynagardy Link to comment Share on other sites More sharing options...
rubl Posted December 31, 2014 Share Posted December 31, 2014 Just last week the junta declared the economy would bounce back in 2015 when listing their "economic accomplishments." Is this article suggesting the dear leader is telling porkies!? Surely not? BTW That tiny increase in investment is still a third down on what we had before the elite sent mad Suthep out at this time last year. A whole year of flat lining growth to try and hold onto their weakening grip on power. Absolutely! Just imagine what could have been had the Yingluck Government not decided to push through a hastily modified blanket amnesty bill. Link to comment Share on other sites More sharing options...
Phuketboy Posted December 31, 2014 Share Posted December 31, 2014 They have been saying all year that thailand will recover in the last quarter 2014. Well we are now at the end of the last quarter and it's still shit if not worse. These fools have no idea what the hell they are talking about. Might as well go to the farm and get the animals there to give you a prediction. Link to comment Share on other sites More sharing options...
tullynagardy Posted December 31, 2014 Share Posted December 31, 2014 Absolutely! Just imagine what could have been had the Yingluck Government not decided to push through a hastily modified blanket amnesty bill. Yeah because thats what this has all been about Ps what are your thoughts on the blanket amnesty the junta has given to themselves since taking power? That`s different how? Link to comment Share on other sites More sharing options...
rubl Posted December 31, 2014 Share Posted December 31, 2014 Absolutely! Just imagine what could have been had the Yingluck Government not decided to push through a hastily modified blanket amnesty bill. Yeah because thats what this has all been about Ps what are your thoughts on the blanket amnesty the junta has given to themselves since taking power? That`s different how? Does the blanket amnesty the NCPO has given itself effect the economy? Did they include politically influenced corruption? Did they cover up for cronies and other criminal fugitives? So, BoT projects slow pick up of the economy. Link to comment Share on other sites More sharing options...
Cake Monster Posted January 1, 2015 Share Posted January 1, 2015 To be a good lier, you have to be consistant for people to believe what you say. 1 Link to comment Share on other sites More sharing options...
The stuttering parrot Posted January 1, 2015 Share Posted January 1, 2015 You guys just wait until the generals wedding planning business starts! Problem solved ! Link to comment Share on other sites More sharing options...
tullynagardy Posted January 1, 2015 Share Posted January 1, 2015 Does the blanket amnesty the NCPO has given itself effect the economy? Did they include politically influenced corruption? Did they cover up for cronies and other criminal fugitives? Yes to all 3. Answer the question. Link to comment Share on other sites More sharing options...
konying Posted January 1, 2015 Share Posted January 1, 2015 I really really really hope so, because the way things looking at the moment next year will see half of pattata businesses gone 1 Link to comment Share on other sites More sharing options...
fish fingers Posted January 1, 2015 Share Posted January 1, 2015 some bargains to be had in Pattaya right now Lets see if there is a bangkok property slump in the next few months .. its starting to look very likely Link to comment Share on other sites More sharing options...
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