Columnnist

Chartchai Parasuk

Freelance economist

Chartchai Parasuk, PhD, is a freelance economist.

Chartchai Parasuk
26 Mar 2020

Govt has shallow pockets for virus fight

The International Monetary Fund (IMF) has just warned the world economy is most likely to enter recession in 2020 with negative economic growth.

26 Mar 2020 19
Govt has shallow pockets for virus fight
12 Mar 2020

Virus plus oil crisis spells recession

All economists, including myself, predict the spread of Covid-19 will put a big brake on economic growth through reductions in spending, particularly on travel. Assuming the virus outbreak lasts for about six months, the lower spending will likely last until the fourth quarter. Countries like Thailand, which depend heavily on foreign tourist revenue, will be hurt the most.

12 Mar 2020 19
27 Feb 2020

Can economy weather Covid-19 storm?

As of Wednesday, there were 80,991 confirmed cases of the Wuhan coronavirus known as Covid-19, spread across 41 countries and territories. But explaining health issues is not the purpose of this article.

27 Feb 2020 16
Can economy weather Covid-19 storm?
13 Feb 2020

Coronavirus economic blow will be long-lasting

Even though the coronavirus outbreak isn't over yet, economists are already counting the damage. Research houses estimate that China's gross domestic product (GDP) growth in the first quarter of this year could be less than 4% -- a sharp drop from the usual 6%-plus growth rate. Of course, the economic impact won't be limited to China, as its GDP represents more than 20% of the world economy.

13 Feb 2020 16
Coronavirus economic blow will be long-lasting
30 Jan 2020

Virus outbreak comes at the worst time

The coronavirus outbreak is not the first time the world has experienced an infectious disease at pandemic level. The first well-documented pandemic was the Plague of Justinian that struck in the 6th Century. The plague killed 25-50 million people which was a lot given the population then.

30 Jan 2020 29
Virus outbreak comes at the worst time
16 Jan 2020

Bank of Thailand lands in hot water

It caught almost everyone by surprise when the baht strengthened past the psychological level of 30 baht per US dollar during the New Year holidays.

16 Jan 2020 48
Bank of Thailand lands in hot water
2 Jan 2020

New Year economic wishfulness

It is a foundation of all science: nothing can be created out of nothing. Economic science also follows this principle strictly.

2 Jan 2020 10
19 Dec 2019

Stagflation is now a reality for Thailand

I first encountered this word, a combination of "stagnation" and "inflation", in an economics textbook.

19 Dec 2019 54
Stagflation is now a reality for Thailand
5 Dec 2019

The vicious economic cycle has begun

Do not be surprised to see the government constantly coming out with economic good news such as its claims there are more factories opening than closing and more jobs being created. Or that the government is confident the bottom has been reached and a brighter economic outlook is set for next year. It is their job to create hope, while it is also my job to give readers the real economic picture. These pieces of information are accurate but, unfortunately, their stories do not go along with the real numbers. And remember, numbers never lie.

5 Dec 2019 29
The vicious economic cycle has begun
22 Nov 2019

Time to bring the baht to heel for sake of economy

Complaints about the strong baht are growing louder by the month. Many are puzzled at why Thailand's currency keeps appreciating despite a weakening economy and falling exports. At the beginning of the year, the US dollar/baht rate was at 32.33. As of Wednesday, the baht had strengthened to 30.18 per dollar.

22 Nov 2019 53
Time to bring the baht to heel for sake of economy