webfact Posted April 26, 2017 Share Posted April 26, 2017 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 Link to comment Share on other sites More sharing options...
clockman Posted April 26, 2017 Share Posted April 26, 2017 Well they are buying submarines. Are they yellow? Link to comment Share on other sites More sharing options...
trainman34014 Posted April 26, 2017 Share Posted April 26, 2017 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 ! Link to comment Share on other sites More sharing options...
ratcatcher Posted April 26, 2017 Share Posted April 26, 2017 "World Bank, IMF concerned for Thailand’s economic outlook" url.htm Link to comment Share on other sites More sharing options...
PatOngo Posted April 26, 2017 Share Posted April 26, 2017 A five minute glance at Economics 101 by the gentleman above and there's no need to be concerned. Link to comment Share on other sites More sharing options...
inzman Posted April 26, 2017 Share Posted April 26, 2017 Everything is fine says uncle. Link to comment Share on other sites More sharing options...
ballpoint Posted April 26, 2017 Share Posted April 26, 2017 27 minutes ago, clockman said: Well they are buying submarines. Are they yellow? They certainly won't be red. Link to comment Share on other sites More sharing options...
colinneil Posted April 26, 2017 Share Posted April 26, 2017 World bank and the I.M.F. just dont understand Thainess. Link to comment Share on other sites More sharing options...
nev Posted April 26, 2017 Share Posted April 26, 2017 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 Link to comment Share on other sites More sharing options...
leeneeds Posted April 26, 2017 Share Posted April 26, 2017 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. Link to comment Share on other sites More sharing options...
Ricardo Posted April 26, 2017 Share Posted April 26, 2017 (edited) 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 ! Edited April 26, 2017 by Ricardo Link to comment Share on other sites More sharing options...
mommysboy Posted April 26, 2017 Share Posted April 26, 2017 The poor will bear the brunt as usual, and be blamed in to the bargain! Link to comment Share on other sites More sharing options...
DrTuner Posted April 26, 2017 Share Posted April 26, 2017 Overburdened welfare system? They mean Pattaya will run out of space for new go-gos? Link to comment Share on other sites More sharing options...
John Drake Posted April 26, 2017 Share Posted April 26, 2017 Well, if the IMF and World Bank are worried about Thailand, I'll bet things will just be fine. Link to comment Share on other sites More sharing options...
petermik Posted April 26, 2017 Share Posted April 26, 2017 Farangs do not understand Thailand...........here they use different calculations which only thai,s understand and all is fine Link to comment Share on other sites More sharing options...
Stevemercer Posted April 26, 2017 Share Posted April 26, 2017 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. Link to comment Share on other sites More sharing options...
mark01 Posted April 27, 2017 Share Posted April 27, 2017 Sue the IMF and world bank with defamation. Problem solved... Link to comment Share on other sites More sharing options...
RichardColeman Posted April 27, 2017 Share Posted April 27, 2017 I'm guessing they the unseen message here in the 10 year outlook is when the IMF perceive the next election will be. Link to comment Share on other sites More sharing options...
jonclark Posted April 27, 2017 Share Posted April 27, 2017 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. Link to comment Share on other sites More sharing options...
timendres Posted April 27, 2017 Share Posted April 27, 2017 Not to worry... 30 Million tourists per year are on the way. Link to comment Share on other sites More sharing options...
candide Posted April 27, 2017 Share Posted April 27, 2017 That's why the Junta is making a 20 years plan. Link to comment Share on other sites More sharing options...
CharlieK Posted April 27, 2017 Share Posted April 27, 2017 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. Link to comment Share on other sites More sharing options...
elgordo38 Posted April 27, 2017 Share Posted April 27, 2017 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. Link to comment Share on other sites More sharing options...
pentap Posted April 27, 2017 Share Posted April 27, 2017 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. Link to comment Share on other sites More sharing options...
elgordo38 Posted April 27, 2017 Share Posted April 27, 2017 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. Link to comment Share on other sites More sharing options...
elgordo38 Posted April 27, 2017 Share Posted April 27, 2017 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. Link to comment Share on other sites More sharing options...
elgordo38 Posted April 27, 2017 Share Posted April 27, 2017 22 hours ago, clockman said: Well they are buying submarines. Are they yellow? They are coming China they are Red Link to comment Share on other sites More sharing options...
elgordo38 Posted April 27, 2017 Share Posted April 27, 2017 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. Link to comment Share on other sites More sharing options...
elgordo38 Posted April 27, 2017 Share Posted April 27, 2017 23 hours ago, webfact said: conflict on the Korean peninsula. Not to worry the submarines are on their way. Link to comment Share on other sites More sharing options...
onemorechang Posted April 27, 2017 Share Posted April 27, 2017 (edited) 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 Edited April 27, 2017 by onemorechang Link to comment Share on other sites More sharing options...
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