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Clouds Settle Over Thai Economy

Clouds Settle Over Thai Economy | Thailands Economy | Scoop.it
Any comfort investors in Thailand draw from what happened four years ago, when economic growth, the stock market and foreign investment all surged despite deadly unrest in Bangkok, may be sorely misplaced.
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Thai GDP growth slumps in fourth-quarter, unrest clouds outlook

Thai GDP growth slumps in fourth-quarter, unrest clouds outlook | Thailands Economy | Scoop.it
BANGKOK (Reuters) - Thailand's economic growth slowed significantly in the final quarter of 2013 and the state planning agency cut its forecast for this year because of political unrest that could prevent
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This article discusses how Thailand's GDP decreased late in 2013. This was mainly due to political unrest that could prevent the government from functioning fully.  This caused lower predictions of development and GDP for 2014.

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Thai bank paints positive picture for Thai economy - Pattaya Mail

Thai bank paints positive picture for Thai economy - Pattaya Mail | Thailands Economy | Scoop.it
Thai bank paints positive picture for Thai economy Pattaya Mail Kobsak Pootrakool, executive vice president of Bangkok Bank's International Banking Group brushed aside a negative description of Thailand's economy as a sick man, saying the Thai...
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A leading Thai banker has a positive outlook for Thailand's economy with economic growth at 2-3% and expansion of exports at 5-7%. He believes that there even though the people's purchasing power parity has decrease, it is not a big deal and that people are just refraining from large purchases.

 

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Thailand says economy may contract in Q1 as political crisis takes toll - The Malay Mail Online

Thailand says economy may contract in Q1 as political crisis takes toll - The Malay Mail Online | Thailands Economy | Scoop.it
The Malay Mail Online
Thailand says economy may contract in Q1 as political crisis takes toll
The Malay Mail Online
Thailand has endured months of political turbulence as protesters seek to topple Prime Minister Yingluck Shinawatra.
Erin Shen's insight:

Thailand's economy is expected to fall in the first quarter of 2014, as a result of decrease in investment and consumption. The economy could rebound in the second quarter, if the political turmoil and protests stop and tourism and exports in increase. If the economy doesn't improve in the second quarter, Thailand's economy could only expand by 2% in this year.

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Thailand Central Bank Holds Rates Steady - RTT News

Thailand Central Bank Holds Rates Steady - RTT News | Thailands Economy | Scoop.it
Thailand Central Bank Holds Rates Steady
RTT News
Looking ahead, the bank expects economic expansion this year to be lower than previous expectations and to be driven largely by exports.

Via David Zheng
Erin Shen's insight:

The Bank of Thailand has decided to keep interest rates low, because they don't know of the negative impacts that would come with raising them

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David Zheng's curator insight, April 27, 2014 3:59 PM

The Bank Of Thailand has voted to keep interest rates constant for the time being, due to uncertainty about the negative effects that changing it could hold. The bank is afraid due to the decrease in consumer confidence.

Erin Shen's curator insight, April 27, 2014 4:56 PM

The lower interest rates agreed on for the next year, which were implement to help to raise the economy back up. Lower interest rates mean that people keep more money on hand, and less in deposits, which would encourage more spending, to boost demand, and supply. This would help to lessen the effect of a decrease in economic expectations for the next year.

 

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Thailand farm earnings to be hit

Thailand farm earnings to be hit | Thailands Economy | Scoop.it
BANGKOK: Severe drought in Thailand is expected to reduce production of commodities such as rice and rubber, the agriculture minister said on Tuesday, cutting export earnings at a time when economic...
Erin Shen's insight:

Some of Thailand's biggest exports are decreasing in output due to a severe drought the country is experiencing. Products like rice and rubber are being hurt by this. Overall, this is decreasing Thailand's GDP in a time that political unrest has already been doing that.

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thailandnis.pdf

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This paper focuses on Thailand as a developing country. It uses it as a case study and focuses on it's transition from a mainly agricultural county to a mainly industrial country, this being a main sign of economic development in a country. This paper also discusses how Thailand is catching up to MDCs in technological advancements. 

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Thais brace for recession as crisis drags on - Business News | The Star Online

Thais brace for recession as crisis drags on - Business News | The Star Online | Thailands Economy | Scoop.it
Thailand, economy, recession, crisis, protests, Shinawatra

Via Andre K Stockmann, David Zheng
Erin Shen's insight:

Consumption has decreased drastically, and goods are more difficult to sell now. The economy is now headed for a recession, due to political turmoil. Months of violence and anti-gov protests have scared of tourists. The outlook for Thailand's economy is bleak, with predicted growth of only 2%.

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David Zheng's curator insight, April 15, 2014 7:07 PM

Goods in Thailand are becoming more difficult to sell, and consumers have no mood to spend. Economists fear that Thailand might be headed toward recession due to the drop in demand. Now, the only support Thailand's economy has now is export growth. If recession prevails, this would be Thailand's first since 2009.

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Thailand stuck in economic malaise - DAWN.com

Thailand stuck in economic malaise - DAWN.com | Thailands Economy | Scoop.it
Thailand stuck in economic malaise
DAWN.com
SINGAPORE: The half-empty foodcourt on the fifth floor of the popular MBK mall in Bangkok tells the story of Thailand's slow sink into the doldrums.
Erin Shen's insight:

A decrease in consumer confidence in Thailand has caused a big drop in consumption. A drop in tourism, due to protests, has hit also retail and food services hard. Business has begun to pick up, but due to poor government policies and decisions has caused economic expansion and recovery from the downturn hard. Inflation has not risen though, and the expectations are that the economy will pick back up in the next year, if the political turmoil in Thailand is resolved soon.

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Thailand Central Bank Holds Rates Steady - RTT News

Thailand Central Bank Holds Rates Steady - RTT News | Thailands Economy | Scoop.it
Thailand Central Bank Holds Rates Steady
RTT News
Looking ahead, the bank expects economic expansion this year to be lower than previous expectations and to be driven largely by exports.

Via David Zheng
Erin Shen's insight:

The lower interest rates agreed on for the next year, which were implement to help to raise the economy back up. Lower interest rates mean that people keep more money on hand, and less in deposits, which would encourage more spending, to boost demand, and supply. This would help to lessen the effect of a decrease in economic expectations for the next year.

 

more...
David Zheng's curator insight, April 27, 2014 3:59 PM

The Bank Of Thailand has voted to keep interest rates constant for the time being, due to uncertainty about the negative effects that changing it could hold. The bank is afraid due to the decrease in consumer confidence.

Erin Shen's curator insight, April 27, 2014 5:00 PM

The Bank of Thailand has decided to keep interest rates low, because they don't know of the negative impacts that would come with raising them