https://www.scmp.com/rss/512761/feed Richard is a Fellow at the Mossavar-Rahmani Center for Business and Government at Harvard Kennedy School, and a Visiting Fellow at the East Asian Bureau of Economic Research at the Australian National University. He is the author of 'Thailand’s Economic Dilemmas in Post-Pandemic Asia' (ISEAS, 2022). en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Thailand’s Pheu Thai came to power with a mission of revitalising the economy, after nine years of disappointing growth under coup-installed governments. Yet world events have not been kind to its plans. While Middle East conflicts threaten to raise oil prices, high US interest rates have kept pressure on the baht, which has fallen to its lowest levels in 17 years. This prompted the Bank of Thailand in September to raise interest rates to 2.5 per cent, up from 0.5 per cent in mid-2022,... https://www.scmp.com/week-asia/opinion/article/3240321/why-china-japan-and-south-koreas-economic-woes-are-thailands-too?utm_source=rss_feed https://www.scmp.com/week-asia/opinion/article/3240321/why-china-japan-and-south-koreas-economic-woes-are-thailands-too?utm_source=rss_feed Sat, 04 Nov 2023 00:13:50 +0000 May brought sobering news for China’s economy. Investment spending represents close to half of China’s GDP, and is elevated by the real estate sector, which some scholars suggest drives nearly a third of economic activity. Reports of a 47 per cent fall in property sales and a 44 per cent drop in new construction projects are ominous for the 2022 growth prospects of an economy heavily reliant on such investments. But those who say China’s age of construction is over should consider the country’s... https://www.scmp.com/comment/opinion/article/3180557/chinas-age-construction-far-over-given-need-infrastructure-improve?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3180557/chinas-age-construction-far-over-given-need-infrastructure-improve?utm_source=rss_feed Tue, 07 Jun 2022 00:45:22 +0000