Thinking about how lucky we are in Thailand…

Nie wieder Krieg! Putin verstehen. Lügen erkennen.

Secular stagnation and endless protests – Bangkokpost.com

29/11/2013 

By Tientip Subhanij.

Once again, it has been a terrible month for Thai politics. Tension is building up everywhere… Against this chaotic background, the country’s economic outlook is being revised down again.

  • Third-quarter gross domestic product growth was lower than expected, at just 2.7%, compared with 2.9% in the second quarter. The National Economic and Social Development Board (NESDB) said
  • the slowdown mainly reflected a sharp contraction in investment, which decreased 6.5%.
  • Domestic consumption, which makes up about half of GDP, also contracted 1.2% due to lower spending on automobiles after the first-car tax rebate scheme expired.
  • For 2013, the NESDB cut its GDP growth forecast to 3%, from a range of 3.8% to 4.3% projected in August…

BildThis lower growth pattern appears to be a worldwide phenomenon. The IMF has continued to revise down its already low global growth…

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