Columnnist

Chartchai Parasuk

Freelance economist

Chartchai Parasuk, PhD, is a freelance economist.

Chartchai Parasuk
19 Nov 2020

Will vaccines end our economic slump?

In the past week alone, we heard three good pieces of news about the success of Covid-19 vaccine developments from Pfizer, Moderna and Russia. All of them claim to have an above 90% efficacy rate. I was rather sceptical about Pfizer's vaccine for actual distribution for two reasons. First, the vaccine is required to be stored at -75C and lasts only five days in the refrigerator. Clearly, this vaccine is not appropriate for use outside the United States. Therefore, I am not surprised to learn that the CEO of the company unloaded his company's shares after the news was announced.

19 Nov 2020 45
Will vaccines end our economic slump?
5 Nov 2020

Can a V-shaped recovery happen now?

This article is written especially for the Bank of Thailand.

5 Nov 2020 9
Can a V-shaped recovery happen now?
22 Oct 2020

Economy, not rallies, should worry govt

Economics and politics are inseparable. The current nationwide demonstrations against the government might appear to have only political agendas, but the underlying driving force of the burgeoning demonstrations might be economics. The question is "why now?". The prime minister has been in office since early 2019 and, if one counts his previous term, he has been in office since mid-2014. Furthermore, the current constitution has been in effect since 2017.

22 Oct 2020 29
Economy, not rallies, should worry govt
24 Sep 2020

Returning to normal by 2021: a dream

The world economy is in total disaster in 2020 due to the Covid-19 pandemic. IMF chief, Kristalina Georgieva, said it would be the worst economic crisis in 100 years. However, her once in a 100-year crisis seems to be rather short-lived as the IMF expects a full global recovery next year.

24 Sep 2020 44
Returning to normal by 2021: a dream
10 Sep 2020

Govt's Covid stimulus could all be in vain

The greatest mistake the world is making is believing that governments will save us from the Covid-19 economic disaster. Even the International Monetary Fund (IMF) is encouraging governments to spend more to counter the downturn.

10 Sep 2020 13
Govt's Covid stimulus could all be in vain
3 Sep 2020

The job of a finance minister...

The resignation of Finance Minister Predee Daochai is a hot issue right now and I feel compelled to write about it, though I'd rather not discuss the cause -- which could be a combination of problems relating to health, internal disputes, political pressure, workloads, and unsolvable problems. Whatever the problems are, the minister has already made the decision which is gazetted. What's done is done.

3 Sep 2020 13
27 Aug 2020

More thoughts on the post-Covid world

News about Covid-19 vaccine development in Russia and other countries offers a ray of hope the pandemic could be ending soon and the world economy may return to normal.

27 Aug 2020 7
More thoughts on the post-Covid world
30 Jul 2020

The worst of Covid-19 is yet to come

I am not talking about the pandemic. I optimistically assume the Covid-19 pandemic is over for Thailand as we have had zero domestic infections for almost two months. The lockdown, aimed at barring visitors from entering Thailand, is substantially relaxed and most economic activities are permitted to resume.

30 Jul 2020 71
The worst of Covid-19 is yet to come
16 Jul 2020

This could get worse before it improves

This is not the first time the world has faced economic dangers but the Covid-19 outbreak is by far the most devastating. I have a feeling that it could beat the legendary 1930s Great Depression. There are many questions to ask, particularly about the future of the world and the Thai economy. I'd like to raise three questions as follows:

16 Jul 2020 58
This could get worse before it improves
2 Jul 2020

The economy is sick and pills won't do

Picture this: Your name is "Mr Thai Economy", and you have contracted the coronavirus in late January. After a close examination in March, doctors (the Bank of Thailand) said your health is of deep concern as GDP growth could go as low as -5.3%.

2 Jul 2020 17
The economy is sick and pills won't do