Thailand's low population growth seen as barrier to economic future

[MrWorldwide]

http://www.thefinancialist.com/the-curious-case-of-thailand/?utm_source=outbrain&utm_medium=cpc&utm_campaign=the_financialist_main&utm_content=34252461

Not the first time I've seen low population growth described as a negative for Thailand in relation to its neighbours, but how many here want to see even more vehicles on Thai roads ? How many want the huge pool of under-employed people that seem to be seen as 'assets' on the balance sheets in Indonesia and the PI. I doubt that too many in Bangkok are reading these numbers with any kind of roadmap for the future in mind: thoughts ?

Those less-than-desirable demographic trends are hurting the economy. The combination of labor shortages, low investment rates and the scarcity of high-level skills have already become binding constraints on long-term growth rates. As a result, Thailand’s potential GDP growth rate could fall to around 3.5 percent over the next decade from the range of 4 to 4.5 percent that has been seen in the past, according to Credit Suisse analyst Santitarn Sathirathai

[Seligne2]

These guys are delusional. They merely extrapolate past trends and call it truth. The fact is that, since 2008, there has been no growth in the world aggregate. Reasons: resource constraints, environmental issues, debt burdens. Growth was good while many could participate, but cancer was never a good long-term economic strategy.