Home Business The Bank of Thailand is concerned about the severity of COVID-19, which is protracted, dragging GDP down 0.8-2%, urging the government to use effective vaccines.

The Bank of Thailand is concerned about the severity of COVID-19, which is protracted, dragging GDP down 0.8-2%, urging the government to use effective vaccines.

by news dir
economy

July 22, 2021 – 18:21

The Bank of Thailand is concerned about the severity of COVID-19, which is prolonging GDP by 0.8-2%, suggesting that the government uses effective vaccines instead of strict control measures.

Ms. Chayawadee Chai-anan, Senior Director Macroeconomic Department The Bank of Thailand (BOT) revealed that the epidemic of the Delta strain of COVID-19 is likely to be more severe and protracted than expected. including more difficult to manage The outbreak control measures have severely affected the business sector in a wide area. Causing economic activity to contract near the level during the previous year’s lockdown. And there is still a tendency to decline continuously.

If the government has intensive measures until the outbreak is stopped and economic activity returns in mid-August The impact on the economy could be 0.8 percent.

But if the lockdown is extended until the end of the year will affect the economy up to 2%.

However, the government should speed up the distribution of effective vaccines to the people. instead of strict control measures because it does not meet the economic needs as well as to limit the impact on the tourism sector as little as possible If the sandbox pilot project is impacted, it will affect the long-term recovery.

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