ING Asia economist Tim Condon says the Bank of Thailand too conservative

Release the shackles

ING economist believes the central bank's conservative monetary policy is stalling Thailand's growth.

Published: 13 Mar 2013 at 00.00
Newspaper section: Business

From 1987-95, Thailand enjoyed economic growth rates that ranked among the best in the world, at no less than 8% for any year during the time and peaking at 13% in 1988.

Condon: Country is underperforming

Then came the 1997 economic crisis. Since then, average growth has slowed significantly, with blame attributed variously to political unrest, natural disasters and global economic volatility.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

Forum

Your comments

boons
Post : 664
Send message

Discussion 3 : 13 Mar 2013 at 18.113
Post this to my Facebook
> ""It's not a broad reflationary environment. But we won't see plunges like in the past.""

I can't wait to see Mr. Condon with his foot buried deeply in his mouth.

The notion that "plunges" are now magically behind us is pure banker fantasy designed to maximize short term gains at the expense of everyone else.
Like dislike 5 people liked / 1 people disliked this comment
onlyasking
Post : 454
Send message

Discussion 2 : 13 Mar 2013 at 12.032
Post this to my Facebook
For Thailand to reach a sustainable 6 to 8% growth rate 3 important issues must be addressed: 1. enough skilled labour 2. good quality infrastructure 3. safety net for the poor. When moving from a 4% to a 8% growth country there is a lag between the growth rate and the benefits filtering down to the poor. During this lag inflation will increase which will have a negative impact on the poor. Without a safety net there could be socio-political instability which will impact hegatively on economic growth again. Secondly Mr. Condon drive outside BKK and you will see many roads that needs to be rebuild and which can't carry more vehicles.
Like dislike 0 people liked / 0 people disliked this comment
crescent
Post : 130
Send message

Discussion 1 : 13 Mar 2013 at 11.361
Post this to my Facebook
Great stuff in one corner of criticising BOT for being too conservative but he praised BOT for delivering price stability. That is the praise BOT would like to have from those critics.
Like dislike 0 people liked / 1 people disliked this comment

ING Asia economist Tim Condon says the Bank of Thailand too conservative | Bangkok Post: business

Release the shackles

ING economist believes the central bank's conservative monetary policy is stalling Thailand's growth.

Most Viewed

Cinemas refuse to cut ticket prices

Forum

Your comments

Sign in once and access every part of the website at your convenience!