05 August 2021 – 20:30
The Chamber of Commerce estimates that the lockdown measures will affect the economy about 500 billion baht.
Mr. Thanawat Phonwichai, President of the University of the Thai Chamber of Commerce President of the Center for Economic and Business Forecasting University of the Thai Chamber of Commerce revealed that the epidemic of the Covid-19 virus In a country that is constantly increasing As a result, the government has to upgrade the lockdown measures. The Thai Chamber of Commerce estimates that in the next two months, it will affect the economic value of about 500 billion baht, causing the economy to shrink by 2-3% from the previous estimate. Therefore, there is a chance that the Thai economy this year will shrink to -2 to 0%.
As the government increases the intensity of lockdown By expanding the maximum control area from 13 provinces to 29 provinces, it can be seen that most provinces in this group are important areas. with an industrial plant or is the area That creates economic value for the country as a proportion of 80% of GDP, which increases the lockdown area. causing a slowdown in economic activities at a more widespread level whether it is the manufacturing industry tourism, trade and logistics, etc.
However, such estimates It is under the assumption that the government will be able to ease measures in September. Including if the government accelerates the injecting of money through measures to heal and stimulate the economy for the people, the farmers and the business sector, the Thai economy this year may not be very negative. And there is still a chance that it will be positive, but if the lockdown measures Can’t control the spread of coronavirus and the need for continuous lockdown measures We may see the Thai economy shrinking -2 to -4% this year.
However, if the government can inject at least 500 billion baht to 1 trillion baht of money into the economy, the economy has a chance to return to positive. But now I still look at that picture, it’s not clear that the covids will unravel. And what measures will the government take out?
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