World Bank, IMF concerned for Thailand’s economic outlook

[webfact]

World Bank, IMF concerned for Thailand’s economic outlook

 

 

BANGKOK, 26 April 2017 (NNT) - Commerce Minister Apiradi Tantraporn has disclosed that the World Bank and the International Monetary Fund (IMF) expressed concern for Thailand’s 10-year outlook. 

The Development Committee, a ministerial-level forum of the World Bank Group and the IMF, held its 95th meeting from April 23rd - 25th in Washington DC. Each year, the meeting brings together central bankers, ministers of finance and development, private sector executives, and academics to discuss issues of global concern, including the world economic outlook, poverty, economic development, and foreign aid. 

According to Apiradi, the two banks expressed concern for Thailand’s aging population and relatively low average income, which could result in an overburdened welfare system. 

The Development Committee communique also suggests that world economy is recovering, but commodity prices have lagged behind. It also pointed to uncertainty stemming from national economic policies and conflict on the Korean peninsula.

 

-- nnt 2017-04-26

[clockman]

Well they are buying submarines. Are they yellow?

[trainman34014]

The overburdened welfare system will not affect rich people and it's ok for poor people to just lay in the gutter and die.....problem solved Thai style  !

[ratcatcher]

                   "World Bank, IMF concerned for Thailand’s economic outlook"    

             

 

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[PatOngo]

 A five minute glance at Economics 101 by the gentleman above and there's no need to be concerned.

[inzman]

Everything is fine says uncle. 

[ballpoint]

27 minutes ago, clockman said:

Well they are buying submarines. Are they yellow?

They certainly won't be red.

[colinneil]

World bank and the I.M.F. just dont understand Thainess.

[nev]

Always a worry when Thailand gets thrust into the spotlight their might be something the world bank wants to get their grubby hands on, hey hang on is their a Rothschild's bank in Thailand yet 

[leeneeds]

The purchase of the submarines with free missiles, 

(buy one get one free )

buy one high speed train 

get one free, too

 

devalue the baht will be the next hit on  the economy 

if wanton spending on non critical items is not reigned in

the IMF boffins would be correct in their assessment.

[Ricardo]

They plan to torpedo any problems which dare appear !

 

And avoid an overburdened welfare system, by not having more than a minimal system.

 

Anyway normal economic rules don't apply, here in Thailand, what do the IMF & World Bank know about these things ? !  They're not our father !

 

Problems solved !

[mommysboy]

The poor will bear the brunt as usual, and be blamed in to the bargain!

[DrTuner]

Overburdened welfare system? They mean Pattaya will run out of space for new go-gos?

[John Drake]

Well, if the IMF and World Bank are worried about Thailand, I'll bet things will just be fine.

[petermik]

Farangs do not understand Thailand...........here they use different calculations which only thai,s understand and all is fine

[Stevemercer]

The current Thai Government will not lower interest rates or take decisive action to lower the Baht. They have a long line of big overseas capital purchases, like tanks and submarines, that will be 'cheaper' with a high Baht. In addition, 80% of current short term capital inflows are from Chinese concerns. These will keep the Baht high to allow better returns on repatriating profits (in Baht) out of Thailand. Anyone with serious money in Thailand is busy investing overseas while the going is good.

[mark01]

Sue the IMF and world bank with defamation. Problem solved...

[RichardColeman]

I'm guessing they the unseen message here in the 10 year outlook is when the IMF perceive the next election will be.

[jonclark]

Projections indicate that in about 10 years nearly 30% of Thailand's population will be in old age. So 1 in 3 of the population (excluding those under 16) will be dependent on either, pensions (currently at about 1'300 baht per month per person), savings, of family for support. 

 

https://www.populationpyramid.net/thailand/2020/

 

Thailand has a shrinking population and workforce. 

[timendres]

Not to worry... 30 Million tourists per year are on the way.

[candide]

That's why the Junta is making a 20 years plan. 

[CharlieK]

22 hours ago, webfact said:

The Development Committee communique also suggests that world economy is recovering, but commodity prices have lagged behind. It also pointed to uncertainty stemming from national economic policies and conflict on the Korean peninsula.

 

Nothing to do wth Thailand then. No need to improve Education standards or train people to do the work that will be needed for jobs of the future. Thailand will be left behind, while it's neighbours progress. 

[elgordo38]

22 hours ago, webfact said:

the World Bank and the International Monetary Fund (IMF) expressed concern for Thailand’s 10-year outlook. 

Hey Thailand your not alone. 

[pentap]

What a surprise! Not.

It just takes simple logic and the opening of eyes to see what's really going on.

I'm no economist, but it is so obvious how bad the situation is.

[elgordo38]

22 hours ago, webfact said:

could result in an overburdened welfare system. 

What welfare system the daughters sending money home to the family? Yes the daughters are under stress to take care of themselves. 

[elgordo38]

6 hours ago, mark01 said:

Sue the IMF and world bank with defamation. Problem solved...

Hold on lets not get above the pay grade here. 

[elgordo38]

22 hours ago, clockman said:

Well they are buying submarines. Are they yellow?

They are coming China they are Red

[elgordo38]

23 hours ago, webfact said:

relatively low average income,

Really who would have thought with such a smart government in power. Time to put the toys away and come out of the play room into the real world. Time can be a terrible taskmaster. 

[elgordo38]

23 hours ago, webfact said:

conflict on the Korean peninsula.

 

Not to worry the submarines are on their way. 

[onemorechang]

23 hours ago, clockman said:

Well they are buying submarines. Are they yellow?

Think they maybe black.

But they will fill with water,  very quickly,  when someone leaves the door open

by accident.

Mai Pen Rai