webfact Posted June 30, 2020 Share Posted June 30, 2020 World Bank sees Thai economy shrinking by at least 5% this year FILE PHOTO: A man wearing a protective face mask walks as the spread of COVID-19 continues, in Chinatown, one of the city's top tourist spots, in Bangkok, Thailand March 30, 2020. REUTERS/Jorge Silva BANGKOK (Reuters) - Thailand's economy is expected to be severely impacted by the COVID-19 pandemic, shrinking by at least 5% this year and taking more than two years to return to pre-pandemic GDP output levels, the World Bank said on Tuesday. In the baseline scenario, the economy is projected to grow by 4.1% in 2021 and by 3.6% in 2022, the agency said in a statement. An estimated 8.3 million workers will lose employment or income because of the COVID-19 crisis, which has put many jobs at risk, particularly those related to tourism and services, the World Bank said. (Reporting by Orathai Sriring; Editing by Tom Hogue) -- © Copyright Reuters 2020-06-30 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 1 Link to comment Share on other sites More sharing options...
Popular Post Grumpy John Posted June 30, 2020 Popular Post Share Posted June 30, 2020 (edited) I've had a gut feeling it will be a lot worse than 5%. I don't think we will see the full impact of the fallout from the Wuhan China virus till September or November. By then we will see unemployment insurance from social security run out. Plus lack of orders from abroad for manufacturing. And ongoing uncertainty in the Agro sector. Ps: And for whatever reason the baht stays strong it was going to and surely will have an impact on manufactured goods in the domestic and export markets. Because my Aussie $ gets less baht I limit my shopping to necessaries. Edited June 30, 2020 by Grumpy John Ps: 6 Link to comment Share on other sites More sharing options...
sammieuk1 Posted June 30, 2020 Share Posted June 30, 2020 Just don't look for any kind of leadership your on your own the 5000bt scheme has run out good luck ???? 1 Link to comment Share on other sites More sharing options...
johnc925 Posted June 30, 2020 Share Posted June 30, 2020 5% ? Is this a comedy show? ???? 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted June 30, 2020 Share Posted June 30, 2020 I wish my waist line would shrink 5% this year....Covid has seen to it that it has expanded due to being shut out of the Gyms, Pools, and Parks for a period of time. I think I will have to petition the Government for a permit due to my ever expanding boiler, wouldn't want to run afoul of regulations..... 1 Link to comment Share on other sites More sharing options...
hotchilli Posted June 30, 2020 Share Posted June 30, 2020 5 hours ago, webfact said: Thai economy shrinking by at least 5% this year Which means it's 95% of what it was last year, which I find very hard to believe !!! Link to comment Share on other sites More sharing options...
nev Posted June 30, 2020 Share Posted June 30, 2020 How can they come up with Only 5%, Surely with no genuine tourist entering until early new year Thailand is heading for recession. Link to comment Share on other sites More sharing options...
Skeptic7 Posted June 30, 2020 Share Posted June 30, 2020 Hoping it much, much more. Link to comment Share on other sites More sharing options...
mok199 Posted June 30, 2020 Share Posted June 30, 2020 Apparently the world bank didn't receive the memo...Thailand Great ,Thailand number 1 ...me love you long time.... Link to comment Share on other sites More sharing options...
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