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Satellite Images Give Snapshot of Thailand’s Path to Recovery


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Satellite Images Give Snapshot of Thailand’s Path to Recovery

By Randy Thanthong-Knight

 

>> Nitrogen dioxide, night lights show pick-up in activity

>> High-frequency data assist Thailand’s fiscal policy planning

 

800x-1.jpg

Nitrogen dioxide concentration over Bangkok metropolitan region during the lockdown in March and April, left, and gas compound concentration over Bangkok in May. Red shows higher concentration of nitrogen dioxide. Source: Google Earth Engine data, compiled by Finance Ministry’s Fiscal Policy Office.

 

Thailand is turning to satellite images for faster updates on the economy than official data can provide -- and the signs suggest a nascent recovery is underway.

 

Reviewing images from outer space of nitrogen dioxide concentration and visible light at night has become a regular routine at the Finance Ministry’s fiscal policy planning agency. Pisit Puapan, director of the agency’s macroeconomic unit, sees early indications of a rebound from April’s slump.

 

In a world rocked by the coronavirus pandemic, many countries are turning to alternative indicators like Google mobility trends, power consumption and website traffic to better assess how consumers and businesses are coping with lockdowns and the gradual reopening of their economies. Thailand is one of the worst-hit economies in Asia -- with the central bank expecting a contraction of more than 8% this year -- and officials are hunting for timely data as they shape policy.

 

Full story: https://www.bloomberg.com/news/articles/2020-07-15/thailand-turns-to-satellite-images-for-economic-recovery-signs

 

Bloomberg.jpg

 

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2 minutes ago, Scot123 said:

Better talking to a toad or is it a big fat frog as that seems as accurate and scientific. Phew!!!

foremost authoritarian on swamp gasses 

BossToad.jpg.5de97aa890bd78b69b32363736a5db09.jpg 

 

  • Haha 1
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I thought they meant the recovery of the nature now that the Chinese locusts are gone. Long may it last.

 

It does give a new angle to the "last one out turn off the lights, please".

Edited by DrTuner
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11 hours ago, faraday said:

More hi tech wizardry; wonder who's driving the damn thing?

 

????

I hope it's not a Thai driver or we'll see satellite collisions.

 

Otherwise, let's pick a usual suspect that actually has something to do with satellites: It must be Elon.

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The West has been tracking China's economic ups 'n downs for some time now using lights at night as a major input.

 

Results are considerably more accurate than the Chinese government's statistics!

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