MR Pridiyathorn: World economy to rebound in 2 years

BANGKOK, 11 March 2016 (NNT) – M.R. Pridiyathorn Devakula has advised the private sector to pay attention to technology-based industries, in order to prepare itself for a global economic rebound over the next two years.

M.R. Pridiyathorn, who previously held office as deputy premier and served as Bank of Thailand governor, praised business operators for their ability to adjust to the volatile economy by capping their inventories and avoiding new debt.

He commented that during this period, the business sector should turn to tech industries that could respond to global demand for innovation.

The former deputy premier voiced approval of the government’s decision to offer financial aid to agriculturists affected by the price slump. However, he cautioned that the consumption-stimulating measures, including reduced property transfer fees and credit card spending, might lead to a rise in household debt.

M.R. Pridiyathorn also speculated that the world economy might have difficulty picking up if global oil prices continued to fall.


-- NNT 2016-03-11

Given his history of gross fiscal incompetence - several times - one should be VERY worried about the short term future.

So he said so, so what, I guarantee that no one will remember this ' prediction ' and no one will probably

remember him, that's how important those people sayings are.....

Is this based on Fortune Tellers,or does he have Crystal balls

regards Worgeordie

This huy has failed in almost everything he's put his hand to......with the exception of course of fattening his bank balances!

If I was in business......I wouldn't listen to anything he predicts!

Words of wisdom, via the fortune teller!

I will sleep well tonight, assuring words from somebody who knows what they are talking about with regards to the world economy.

Thank you Mr Pridyathorn. And as for the armchair Thai visa brigade....be thankful...no longer any need to debate these matters.

Everything's gonna be alright

World economy to rebound in 2 years!

M.R. Pridiyathorn also speculated that the world economy might have difficulty picking up if global oil prices continued to fall.

I like a good laugh but this is too much in one week

he is very optimistic proberly got it wrong but at least he is better qualified having a degree in business, unlike george osbourn who has a degree in history same as his predecessor gordon brow

World economy may hit rock bottom in 2 years so a .01% improvement would validate what he says. Sometimes I crack myself up!

This one, in comparison to the "last day mafia themselves turning in day" made my day! Packing up and going home now - muscle cramps from laughing...

That guy has accumulated over 730 million THB in wealth according to wiki... Blabbering out such a hilarious "rebound in 2 years" prediction, while the world is on the bring of a total financial meltdown and perhaps even WW3, shows that he must have been lobotomized or something... Wow!...

https://en.wikipedia.org/wiki/Pridiyathorn_Devakula

Is this based on Fortune Tellers,or does he have Crystal balls

regards Worgeordie

Christal balls from madame TAT are on sale now.

Buuuuulllllsheeeet.....The actual improvement is at least 7 yrs away......

Did anyone call AP, Reuters, Financial Times...this is great news...I'm parting tonight! Woooo Hooooo

M.R. Pridiyathorn also speculated that the world economy might have difficulty picking up if global oil prices continued to fall.

Isn't speculation kinda like flipping a coin, a drunk trying to hit the bulls-eye, a psychic prediciton, etc

This reminds me of a joke making the rounds when Alan Greenspan was Fed chairman in the US.

Reporter: Mr. Greenspan, will the stock market go up or down?

Greenspan: Yes, but not immediately.

it will rebound. plenty of new gadgets coming up like :self driving car, virtual reality, hydrogen thermal generator, digital payments, robots, etc ... we are just in a slow down period.

keep faith.

Edited March 11, 201610 yr by smartpant

M. R. Soothsayer said it, so it must be true. World economy recovery in Europe, Middle East, China , Asia all fixed up in 24 months. Yep....quite believable.

Is this based on Fortune Tellers,or does he have Crystal balls

regards Worgeordie

If he has crystal balls then they have cracked worgeordie .........................................

In another development, I am due to win 25 million in Powerball lotto next Thursday, however there are a few unknown factors that may affect this prediction , something that I have taken on board and so should MR Pridiyathorn in his predicting..................................................

Edited March 12, 201610 yr by chainarong

The bubbly economy of China, real estate prices in Asian cities, the zero percent interest rate in Europe and volatile oil prices are writings on the wall (IMHO) that their won't be a recovery before we see a global collapse.

Did anyone call AP, Reuters, Financial Times...this is great news...I'm parting tonight! Woooo Hooooo

side or centre?