Business 'export - travel' wings
CIMB Thai points out' business 'exports - tourism' Rising 'reveals' Thailand faces external and internal economic war The risk of slumping GDP this year. Down to 3.7%. 'Repeated' domestic key risks come from the investment sector. Caused by political instability.
Mr. Amornthep Javala, Senior Director of CIMB Thai Bank Research Office, said to www.iclicknews.com, said that the Office of Research estimates that if the election is postponed. The Thai economy is expected to grow in the range of 3.5-3.8% and the GDP projection for 2018 is revised up to 3.7% from 4%. We believe in Teflon Thailand. Or the Thai economy is resistant to the factors that will affect. We believe the Thai economy will not slow down. 3%, and hopefully if the problem is resolved. Opportunity to see the Thai economy grow over 4% is still a key variable. The government will be able to build confidence among investors and consumers that economic reforms are in place. It will continue to the next government without interruption.
Thailand is facing economic war from outside and within the country. This is a risk that may cause GDP growth this year is not as expected, while the main domestic risk comes from the investment sector. The political instability. The nine-pronged economic wars are primarily caused by external factors such as military warfare. Tensions in the North Korean Peninsula and the Middle East And the recent tension between the West and Russia. Pressuring the investment climate tourism And the capital fluctuations.
US trade war raises import tariffs to curb massive trade deficit And may be countered by partner countries. World trade slowdown affects Thai exports both directly and indirectly, but the main one is indirect. Thailand is the supply chain of the US, China and ASEAN. Money war Due to trade war, many countries are slowing down, the US, the euro zone, or Japan trying to weaken itself to help exporters. Thailand and other ASEAN countries were affected. The baht strengthened from the uncertainty in the major currencies. Money flows into emerging markets. Thailand is a victim of war, money and currently no tools to reduce the appreciation of the baht affect exporters. Importers may slow down imports of machinery to wait for more value.
US tax wars reduce corporate income tax To attract investors to invest in the US. While Thailand itself has reduced taxes and incentives for investors to invest in EEC Another country is ready to compete to reduce taxes to attract investors. Finally, the most profitable people are foreign investors. But countries that are scrambling to foreign investors have to rely more on taxes, such as skilled labor, infrastructure Rules governing investment If Thailand is fighting for tax, it will lose.
The psychology of what Trump has done over the past year and succeeded is to confuse people. The rivalry is unpredictable. To achieve the intended result. Terror war resembles a military war, but it is unpredictable and purposeful to make people afraid. The pressure on the investment climate. tourism Short-term money market
Domestic War The economic revolving around this is a growth on inequality. Beneficiaries are big business and middle-income earners, while SMEs and people at grassroots level still have economic problems. The agricultural income is still falling, reflecting the difference in income of Thai people. We would like to see the Thai economic stimulus policy to grow and spread more widely than to focus solely on growth. Thailand's war has entered an aging society and is moving fast. As a result, the allocation of resources to care for the elderly is ongoing. But we should care for the elderly without abandoning their childhood and working age because they are carrying the tax burden to raise the elderly in the future. We should tax it to suit the welfare of each age group. Encourage and motivate people of working age to start saving money and invest to prepare themselves for the elderly without having to rely on the government. In addition, access to technology enables people who have access to technology to improve their production capacity as well. But how do we make people, foundations, entrepreneurs, SMEs and the elderly learn technology quickly? To not let these people be left behind.
The fight against corruption has been on the rise. Corruption in the bureaucracy and the business sector. The government is trying to crack down on corruption, but it can not eradicate corruption. Because it is a problem rooted. Is a necktie of social and economic Thailand. So long as corruption continues. Resources can not be distributed to the people who need them. Tax policy to distribute income is not born. Because money is sucked into a few people. Few groups make the society of inequality continue. And the potential for long-term economic growth in Thailand.
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