Hat gerade Thailand wirklich eine Wirtschaftskrise?

Here is a summary of the article on the economic situation in Thailand:

1. According to the Minister of Finance, Thailand’s economy is “almost in a crisis”. Exports are declining and industry is not competitive.

Two. Economic growth was only 1.9% in 2023, significantly lower than in neighbouring countries. Growth of 2.6% is forecast for 2024.

3. Main problems:

– The automotive industry suffers from the influence of Chinese electric car manufacturers.

– High debt of private households inhibits consumption.

– Lack of digital skills and knowledge of English in the population.

4. Political instability:

– Common government change (e.g. recent resolution of Prime Minister Srettha Thavisin by Paetongtarn Shinawatra).

– Conflict between government and central bank on economic policy.

Five. Structural problems:

– Economic rules favour a few rich families.

– Many workers are caught in badly paid, low-skilled jobs.

6. Tests of countercontrol:

– Planned “Digital Wallet” program to boost consumption.

– efforts for free trade agreements and recruitment of foreign investors.

The article emphasizes that Thailand is facing major economic challenges and that fundamental reforms are needed to remain competitive and to spread prosperity broader.

~ ClaudeAI (yes, I have the whole article, not just a part)

Probably that is true, limited to a part.

MFG