The Thai Chamber of Commerce reveals that the Thai economy in 1964 is at risk of a negative 2-4% if the COVID-19 epidemic is out of control, suggesting that the government adopt the first round of lockdown remedies.
The number of new infections in Thailand It is the second highest in the ASEAN region.
300 employees of BMTA contracted with COVID-19 during lockdown
On August 5, 2021, the University of the Thai Chamber of Commerce reported that the overall results from the consumer confidence survey in July 2021 found that the Consumer Confidence Index declined in all items. In particular, the overall result was at a record low in 22 years and 10 months, at 40.9 from the previous month at 43.1 due to people’s concerns about the fourth wave of the COVID-19 outbreak and the lockdown measures. It affects people’s lives, business and the country’s economy.
coupled with concerns in the political situation Throughout the vaccination to people who are delayed As a result, consumers feel that the Thai economy is slowing down and lacking momentum for future economic recovery.
Mr. Thanawat Phonwichai, President of the University of the Thai Chamber of Commerce And the chairman of the Advisory Center for Economic and Business Forecasting said that from the estimate of damage during the lockdown period, up to 300 billion baht per month. because people’s spending is greatly reduced This year, the Thai economy may not grow at all. and has a negative 2% chance, and if the government does not control the situation Announcing a lockdown for another 1 month may cause the economy to become more negative to 2-4%.
“Many people question whether the outlook for the Thai economy after this will be more than 2% negative or not. He predicted that the government might come back to relax measures on September 1 and if the situation improves. In addition, the government has injected 500 billion baht to 1 trillion baht in stimulus funds, which could lead to a positive economic recovery of 1-2%, but need to keep an eye on if the government does not control the situation. and a further one-month lockdown could make the economy even more negative to -2 to -4%.” Mr. Thanawat said
As for the recommendation of the private sector to the government, Mr. Thanawat added that the economic impact has spread more widely. The government may bring remedial measures in the first round of lockdown in 2563, for example, we don’t leave each other. account transfer form This measure was brought to knock again. and used again or use a channel Injecting more half measures in September for people to come out to spend more and the economy will be circulating
Previously, the Joint Committee of the Private Sector Collective Action Committee (RCC) cut Thailand’s GDP growth this year to -1.5 to 0% as the Thai economy enters a crisis and is deeper than expected and risks entering The recession continued for the second year, while the Monetary Policy Committee (MPC) also lowered GDP this year to 0.7%.
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