World Bank: Thailand should implement cautious monetary policies

WASHINGTON DC, 11 April 2016 (NNT) - The World Bank has published its economic assessment of the East Asia and Pacific Region, forecasting an annual growth of 6.3% and advising Thailand to implement cautious monetary policies to protect against external volatility.

Sudhir Shetty, Chief Economist of the World Bank’s East Asia and Pacific Region, said the region’s economy will expand by 6.3% this year and 6.2% the following year. Its growth rate excluding China is forecast at 4.8% and 4.9% for this year and 2017, respectively.

Developing countries with the highest growth in Southeast Asia consist of the Philippines and Vietnam, followed by Cambodia at 7% and Indonesia at 5.1%, due to cheap commodity prices. China’s growth forecast has been revised down to 6.7% from last year’s 6.9%, due to its economic restructuring.

Thailand this year is expected to grow by 2.5% due to the impact of economic slowdown in Japan and China, its major trade partners. Other factors include the slump in agricultural prices and Thailand’s poor capacity for manufacturing complex products.

Mr Shetty advised Thailand to expand technological developments in the manufacturing and educational sectors. He also outlined cautious monetary policies that prevent the country from external fluctuations.


-- NNT 2016-04-11

No problem in implementing or maintaining cautious policies as Thailand is a very conservative/status quo type of country.

I'm sure the powers that be are being very cautious with the money......it's now a matter of just where to send all the pillaged dosh now that the Panama fiasco is biting .....but I'm sure with the help of the elite bankers, other facilities will be available!

Mr Shetty advised Thailand to expand technological developments in the manufacturing and educational sectors.

Of course the government will not listen as their sole priority is staying in power.

Mai pen rai up to you khabbb

Thailand’s poor capacity for manufacturing complex products.

Sure cars and hard drives ,... are simple products. The world bank like all those institutions is talking out of their a--.

The Thailand version would be fast track monetary policies......................................

I hope Thailand is cautious enough to not listen to any advice from the US governed maffia of the World Bank. This is institution has done nothing good to the developing world and is continuing on the same track.

Maybe they mean,don't put all the countries finances into the high speed train project,

better to use Chinese money at very low interest rate,then if the Chinese built project

turns to crap,don't pay them.

regards Worgeordie

No problem in implementing or maintaining cautious policies as Thailand is a very conservative/status quo type of country.

No problems we have enough money for subs tanks more soldiers guns military upgrades.

Hey why stop now. Boom and bust baby... boom and bust.

And this kind of BS comes from the World Bank top 'econonomists'.

And this kind of BS comes from the World Bank top 'econonomists'.

And your view on the subject is what and why is the WB view BS, please?

possibly because they are a cartel and responsable for most of the theft in the 3rd World with their co-horts in the IMF (same same but different) of course

Accountants...Plague of the Planet !

OK, so lots of objective independent thinking going on here I see, not!

East Asia and Pacific Region economy will expand 4.8% excluding China

And if Thailand's predicted growth rate of 2-2.8% for 2016 is excluded, the region will expand 5-6%.

Thailand - the Hub of Economic Omission

OK, so lots of objective independent thinking going on here I see, not!

i always like to read the comments and opinions of Thaivisa's macroeconomic experts

Thailand’s poor capacity for manufacturing complex products.

Sure cars and hard drives ,... are simple products. The world bank like all those institutions is talking out of their a--.

They manufacture them but it isn't a Thai product. Design, method of manufacture,even factory layouts, come from abroad,Japan,Europe and America. Much of what is manufactured is done on a CKD (completely knocked down ) basis, at least in the car manufacturing which is something i worked on for many years for Asia. Some parts are 'local content' as its called but these tend to be the simpler parts, such as batteries,carpets,tyres,various brackets etc. not engines or gearboxes and even these parts cost more to make in Thailand than they would be in Germany because of lack of automation and it is only done to reduce the final tax on the car. It was tried to let them produce some outside body parts but this was a disaster.

congratulations Thailand for almost surpassing China's growth this year.

bad news for expats as the baht will soar and Thais rule the Earth.

Maybe they mean,don't put all the countries finances into the high speed train project,

better to use Chinese money at very low interest rate,then if the Chinese built project

turns to crap,don't pay them.

regards Worgeordie

Replace 'if' with 'when'

Cautious monetary policies? Shouldn't the WORLD Bank be giving strong advice to the EU and USA instead?