Famines Update

Spreading Drought Adds to Risks for Thailand’s Cooling Economy

Blog note. Jesus indicated that ‘fearful sights’ (various natural disasters) would occur leading up to the time known as the Tribulation and Great Tribulation (a combined seven year period of great destruction on earth). Although these types of things have occurred in the past for centuries and thousands of years, they could be identified as the ‘season of the times’ due to the ferociousness of these events. They would be occurring in greater intensity, severity, frequency, size, duration, scope … just like the pains that a woman experiences in labor the farther along she is in the labor process. We are in the ‘season of the times’ that comes just before the seven (7) year Tribulation/Great Tribulation period
… And great earthquakes shall be in diverse places, and famines, and pestilences; and fearful sights and great signs shall there be from heaven. (Luke 21:11).
… And there shall be signs in the sun, and in the moon, and in the stars; and upon the earth distress of nations, with perplexity; the sea and the waves roaring; (Luke 21:25)
… Men’s hearts failing them for fear, and for looking after those things which are coming on the earth: for the powers of heaven shall be shaken; (Luke 21:26)
… This know also, that in the last days perilous times shall come. (2 Timothy 3:1)
Jesus is giving a series of prophecies about what to look for as the age of grace comes to a close. These verses are several of many such prophecies from throughout the Bible. 2017 was the worst year in recorded history for the intensity, frequency, severity, duration and occurrence of a large number of severe natural disasters worldwide. Earthquakes, volcanoes, hurricanes, typhoons, cyclones, torrential flooding, unprecedented wildfires in unusual places, devastating droughts, excessive/scorching heat setting records everywhere, record snowfalls in Europe and Russia. Snow in the Arabia. This list can go on. Most studied Eschatologists believe these ‘fearful sights’ and massive natural disasters are all part of the ‘CONVERGENCE’ of signs that this Biblical and prophetic age is closing. Most people who study prophecy are familiar with the routine reference(s) made that these things will be like a woman having labor.

Spreading Drought Adds to Risks for Thailand’s Cooling Economy

Siraphob Thanthong-Knight and Suttinee Yuvejwattana. Bloomberg•April 9, 2019

A spreading drought has emerged as a new risk for Thailand’s cooling economy in addition to domestic political tension and slower exports.

The country’s hot and dry season is more acute than expected amid a possible El-Nino weather event, leaving just over a quarter of top reservoirs with low water levels. Such conditions threaten to sap agriculture, which accounts for about 9 percent of the Thai economy and a third of total employment.

“Prolonged dry weather may lead to lower farm output, which will hurt private consumption,” said Tim Leelahaphan, a Standard Chartered Bank economist in Bangkok. “There are signs drought this year may be the worst in many years.”

Southeast Asia’s second-largest economy already faces an export slowdown and souring confidence after March’s disputed and inconclusive election, which followed almost five years of military rule. The challenges may curb the central bank’s scope to add to a December interest-rate hike as it strives to temper frailties in the financial sector.

The Bank of Thailand expects gross domestic product growth to slow modestly this year to 3.8 percent from 4.1 percent in 2018. Rising fresh food prices — blamed on the dry weather — edged inflation back into the central bank’s 1 percent to 4 percent target last month for the first time since October.

Pimchanok Vonkorpon, the Commerce Ministry official in charge of releasing the inflation data, has described the drought situation as “quite serious.” Inflation accelerated to 1.24 percent in March compared with a year earlier.

The ministry expects lower rice exports in 2019 compared with last year, while the Thai Sugar Millers Corp. forecasts reduced cane output. The weather agency predicts one of the warmest years on record.

For now, the area badly affected by drought remains contained, limiting the economic impact, but the situation has to be monitored, said Duangrat Prajaksilpthai, an economist at TMB Bank Pcl in Bangkok.

So far four of 77 provinces have been declared disaster areas because of drought. Junta leader Prayuth Chan-Ocha ordered officials to prepare crisis-management plans. He remains the head of the government as official election results have yet to be released.

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