วันศุกร์ที่ 27 มีนาคม พ.ศ. 2558

World economic is fragile : How about Thai economic!?


World economic is recovery but still in fragile situation,

there are sign of risk to deflation which are not good to

economic. Since critical world economic in 2008,

economic of major industry country such as

 the United States,Europe and Japan are in receesion,

but overall world economic is satifiable growth,because

of growth in BRICS group especially in China.

 

After critical economic in 2008,China’s economic growth

is good according to intention to stimulate economic.

In stimulation economic growth in BRICS group,

it cause to high debt too.

BRICS group,especially China try to slow to stimulate

economic lead to economic slow down in BRICS group.

Meanwhile in major industry country,only the United State

has strongly economic recovery since last year so the

Federral Reserve stop stimulate economic by QE.And for

 this this year try to increase policy rate instead.

In overall recovery of world economic still fragile, especially

in Europe meanwhile slow down in BRICS group including

China.

 

The analysts estimated that world economic will increase

3 per cent ,better than last year, but lower than everage

 Growth of 4 per cent before the world economic crisis

 in 2008.

Deflation is hard to solve because decreasing in price

 will beinside the projection.Household and business sectors

 will slow down the expenses ,expenditure and investment

 stop abruptly because consumer will wait for the lower price.

 

Thai  economic is an open economy,both in commerce

and investment.Economic indexes in January show that

Thai economic still slow down as the same as last year,

indicate that economic still not recovery.

 

In detail,consumer expenditure are stable, not in acceleration

 stage as the same as private investment, meanwhile

 government expenditure can not speed up as it should be.

In January export expenditure decrease 2.4 per cent,

credit loan in commercial bank slow down to 4.3 per cent.

Production in the country slow down,manufacturing

productivity index is in deficit 1.3 per cent meanwhile

productivity rate is at 60.9 , not better than the last two

month.Positive value is in tourism,amount of tourist

is increase 15.9 per cent.

 

On the other side we can see the slow down of economic

momentum from :

1.Import value decrease 14.8 per cent depending on lower

oil price.

2.Inflation rate is down trend,the general inflation rate is in

deficit  0.5 in Fabruary and 0.4 deficit in January meanwhile

core inflation (excluding oil and food) decrease to 1.45

per cent in February compare with 1.69 per cent at the end

of last year.

 

These number indicate that internal goods price are down trend,

expenses spending are weak.Source of fund transfer,the balance

of payments are little overbalance due to high amount

efflux of internation fund eventhough there are high

 amount of current account surplus.Efflux of international

fund due to the money bring out of business unit in the

country.

 

Since 2008,Thai economic growth is about 3.2 per cent,

that  is low rate excluding year 2010 and 2012 economic

growth is about 7 per cent according to economic

 stimulation by the government meanwhile growth

 economic in the other year without stimulation

is about 1.2 per cent which is too low compare

with provincial economic.That is the problem of

Thai economic.

 

Slow growth economic in Thailand follow upon.

1.Impact from continuous slow growth lead to slow recovery.

2.Problem from structure of economic that make Thailand

in medium income trap.

3.People are not confident in stability of economic and politics

so delay investment and consumption

 

Recover from slow economic growth depend on.

1.Administrative efficiency in government sector in various

area such as

1.1                     Rapidly in the budget disbursement which will lead to

more investment and more consumption.

1.2                     Improve and investment in infrastructure will lead to

more investment and stimulate economic growth.

1.3                     Solve the low agricultural price so the farmers will

have more money to spend to the economic system.

1.4                     Solve the high cost of living ,people will have more

money to invest in other business area.

1.5                     Provide efficiency in tax system collection to get more

revenue to spend on government investment.

2. Solve political conflict to create social and economic

stability,there will be more investment from foreign

investors to stimulate more economic growth.And will

make more confident for consumers to spend their money.

3.Provide confident in economic in abstract so that people

will invest more and spend more.

4.Keep an eye on world economic,world maket and the

competitors so that we can rapidly change  ourself  to

competitivein the market ,can survive and can provide

more economic growth to the economic system.

With all above strategies I think we can get along well

with the period of economic slow down and can spead

more economic growth to Thai economy.

 

Hope everyone prepare ourselves well to get along with the

economic situation.

Best Wish.

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