Thailand's Economy
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Political Unrest Threatens Thailand's Economy

Political Unrest Threatens Thailand's Economy | Thailand's Economy | Scoop.it
Economists are warning of slower growth in Thailand, Southeast Asia's biggest economy. | As It Is (VOA Special English: Political Unrest Threatens Thailand's Economy: Economists are warning of slower growth in...
David Zheng's insight:

Lack of a clear winner in the election in February has caused discomfort for local investors, people believe that local investors will put their money into other countries such as Indonesia or Vietnam. This is another setback for Thailand's economy, as investment spending contributes to GDP.

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REFILE-Thais brace for recession as crisis nears crunch time

(Adds dropped words in paragraph 18)* Consumer confidence at 12 1/2 year low* Thailand expected to post slowest GDP growth in Asia* PM's survival rests with courts as cases pile up* Stimulus plans (REFILE-Thais brace for recession as crisis nears ...
David Zheng's insight:

As the economy heads for recession, people are more prone to saving and goods are incredibly difficult to sell domestically. Because of this, business is very bad in Thailand during this time. 

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Political Situation in Thailand causes economic slowdown, higher cost of living: Dusit Poll | Thailand News

Political Situation in Thailand causes economic slowdown, higher cost of living: Dusit Poll | Thailand News | Thailand's Economy | Scoop.it
BANGKOK, 20 April 2014 (NNT) – A poll was carried out by Suan Dusit between April 17 and 19, surveying 1,374 people throughout the country to gauge their opinions on the current Thai political situation.
David Zheng's insight:

Many people in Thailand believe that the economy is slowing down and the standard of living is higher. Also, many people believe their lives are becoming more difficult, as travel becomes more difficult and unions begin to break.

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Thailand Central Bank Holds Rates Steady - RTT News

Thailand Central Bank Holds Rates Steady - RTT News | Thailand's 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.
David Zheng's insight:

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.

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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.

 

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

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Mutual understanding is vital if the economy gets worse: labour leaders - Thailand News

Mutual understanding is vital if the economy gets worse: labour leaders - posted in Thailand News: SLOWDOWNMutual understanding is vital if the economy gets worse: labour leaders Tammaraj Kijchalong The Nation    BANGKOK: -- Employers and employees...
David Zheng's insight:

Workers and employers in Thailand at this time don't seem to get along, and people fear that because of this Thailand's economy is heading into a recession. Unless workers and their employers can work out a way for both groups to be happy, Thailand's economy will head into a recession.

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UTCC: Thai economic slump to last for at least 3 more months - Thailand National News Bureau

UTCC: Thai economic slump to last for at least 3 more months - Thailand National News Bureau | Thailand's Economy | Scoop.it
UTCC: Thai economic slump to last for at least 3 more months Thailand National News Bureau BANGKOK, 12 April 2014 (NNT) – The University of the Thai Chamber of Commerce (UTCC) has said that Thai economy will remain sluggish in the next 3 months,...
David Zheng's insight:

Since domestic consumption is down, economists predict the economic slump in Thailand will continue for the next three months. Even though there are over 116 billion Thai Bahts in circulation, the lack of consumption has ultimately slowed down economic growth.

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Thai economy 'close to recession': KResearch - The Nation

Thai economy 'close to recession': KResearch - The Nation | Thailand's Economy | Scoop.it
The Nation Thai economy 'close to recession': KResearch The Nation THE THAI economy is close to entering recession mode, given the difficulty of achieving a recovery this quarter when nearly all the normal growth drivers are still heavily weighed...
David Zheng's insight:

Economists in Thailand fear that it might be too difficult to prevent a recession in Thailand because of political turmoil. Now, exports are the main thing driving Thailand's GDP. Even though Net exports have increased, it is not enough to offset the losses the country has endured.

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Country needs functioning govt for economy's sake: private sector - The Nation

Country needs functioning govt for economy's sake: private sector - The Nation | Thailand's Economy | Scoop.it
Country needs functioning govt for economy's sake: private sector The Nation THE BOARD OF TRADE of Thailand and the Thai Chamber of Commerce (TCC) hope the country will get a fully functioning government as soon possible in...
David Zheng's insight:

In order for Thailand to get back on it's feet, one of the key reasons is a functioning government. Authorities of the private sector point out that lack of a functioning government have caused Thailand's economy to slow down significantly, the slowest growth in 3 years.

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Political deadlock still shadows economy

Political deadlock still shadows economy | Thailand's Economy | Scoop.it
Ongoing anti-government protest which started since November last year, has cast shadow over the country’s economy with forecast this year at just 2.4% (Political deadlock still shadows economy http://t.co/4bUBYmHHog)...
David Zheng's insight:

Because of a weakening currency and anti-government activity, consumer confidence has dropped from 73.4 to 71.5, the lowest it has been in 26 months.  But on the bright side, Exports from Thailand are expected to grow by 5% due to the depreciating currency.

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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 | Thailand's Economy | Scoop.it
Thailand, economy, recession, crisis, protests, Shinawatra

Via Andre K Stockmann
David Zheng's insight:

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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Erin Shen's curator insight, April 27, 2014 5:35 PM

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%.