snoop1130 Posted July 24, 2020 Share Posted July 24, 2020 REFILE-Thailand may have lost 7-8 million jobs during lockdown -cenbank BANGKOK, July 24 (Reuters) - Thailand’s job losses were estimated at 7-8 million during the country’s coronavirus lockdown, but half of those might be recouped after the situation eases, the central bank chief said on Friday. The central bank has forecast Southeast Asia’s second-largest economy to contract by a record 8.1% this year, as the pandemic has battered tourism and domestic activity. Thailand has removed most of its restrictions and has its outbreak under control after just over 3,000 cases in total. An economic recovery could take two years, Bank of Thailand Governor Veerathai Santiprabhob told NBT television channel. -- © Copyright Reuters 2020-07-24 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 1 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted July 24, 2020 Share Posted July 24, 2020 Not sure if they are including the estimated millions in seasonal workers for the tourism industry or not. But there numbers have sure increased from the 6 million they originally said. They are being optimistic that half of the jobs will be recouped. I know that the 4 folks that worked for me doing investigations throughout Asia will not be coming back and working for me. I closed down my business which was located in the State of Nevada, and the office which I had my sister running. No work to do during this Covid <deleted>, and I will not do PI work. 2 Link to comment Share on other sites More sharing options...
Popular Post Bender Rodriguez Posted July 25, 2020 Popular Post Share Posted July 25, 2020 the magically almost no unemployment in thailand is gone forever... but still they will allow cheap labor from other countries to do their dirty work... 3 Link to comment Share on other sites More sharing options...
Grumpy John Posted July 25, 2020 Share Posted July 25, 2020 An awful lot of Chrystal balling going on at the moment. Maybe they should be honest and say "our best guestimetes are....." 1 Link to comment Share on other sites More sharing options...
Blumpie Posted July 25, 2020 Share Posted July 25, 2020 Once the situation "eases"? Imagine tourism at 40 million people per year. How many are continuously in Thailand eating, drinking, enjoying themselves, buying things in a day during the year. All those commodities and food are gone until this pandemic is over. What is the real cost? 7-8 million jobs? Sure. When will it recover? Not for a long time. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted July 25, 2020 Share Posted July 25, 2020 18 hours ago, snoop1130 said: BANGKOK, July 24 (Reuters) - Thailand’s job losses were estimated at 7-8 million during the country’s coronavirus lockdown, but half of those might be recouped after the situation eases, the central bank chief said on Friday. so what category do sex workers come under? 1 Link to comment Share on other sites More sharing options...
AlfHuy Posted July 25, 2020 Share Posted July 25, 2020 10 minutes ago, hotchilli said: so what category do sex workers come under? Medical/stress relief. Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted July 25, 2020 Popular Post Share Posted July 25, 2020 Can't help but think that making 8 million unemployed for 58 deaths seems kinda silly ! 5 1 1 Link to comment Share on other sites More sharing options...
Popular Post richard_smith237 Posted July 25, 2020 Popular Post Share Posted July 25, 2020 19 minutes ago, RichardColeman said: Can't help but think that making 8 million unemployed for 58 deaths seems kinda silly ! But its not 8 million unemployed for 58 deaths... Its 8 million unemployed for an unknown number of deaths had there not been a lock down. That said: I agree with your sentiment... making 10% of the population Unemployed is an astronomical price to pay, I can’t believe Thailand is not doing a lot more to kickstart its economy. 3 Link to comment Share on other sites More sharing options...
natway09 Posted July 25, 2020 Share Posted July 25, 2020 The immigrant workers are starting to return now that restrictions are being lifted. 14 day quarantine supplied by their employer along with the testing. The Thai male does not want to do the work they do Link to comment Share on other sites More sharing options...
Laughing Gravy Posted July 25, 2020 Share Posted July 25, 2020 I am sure next week there will be news that 8-9 million new jobs have been created. Problem solved all well again. 1 Link to comment Share on other sites More sharing options...
johng Posted July 25, 2020 Share Posted July 25, 2020 46 minutes ago, natway09 said: The Thai male does not want to do the work they do Only the truly desperate want to do that sort of work in those sorts of conditions with that sort of pay. Link to comment Share on other sites More sharing options...
The Barmbeker Posted July 25, 2020 Share Posted July 25, 2020 ...and if they don't bring back the tourists for high- season, things will get worse! 2 Link to comment Share on other sites More sharing options...
Skeptic7 Posted July 25, 2020 Share Posted July 25, 2020 Tomorrow's news... Thai Unemployment Remains Steady at 1% Link to comment Share on other sites More sharing options...
tribalfusion001 Posted July 25, 2020 Share Posted July 25, 2020 4 hours ago, richard_smith237 said: But its not 8 million unemployed for 58 deaths... Its 8 million unemployed for an unknown number of deaths had there not been a lock down. That said: I agree with your sentiment... making 10% of the population Unemployed is an astronomical price to pay, I can’t believe Thailand is not doing a lot more to kickstart its economy. Without tourists coming in how can they kickstart it, that's massive sector to fill and with the borders closed it's not going change much. Even when tourism does resume it won't be at the same levels as recent years. Link to comment Share on other sites More sharing options...
tribalfusion001 Posted July 25, 2020 Share Posted July 25, 2020 2 hours ago, The Barmbeker said: ...and if they don't bring back the tourists for high- season, things will get worse! 100% and drop of GDP losing high season will be the killer. Big problems coming with countries that have a large percentage of GDP from tourism. 1 Link to comment Share on other sites More sharing options...
Destiny1990 Posted July 25, 2020 Share Posted July 25, 2020 But are thais more happy now with no foreigners left to stay In their country? because i kinda got the impression this was sort of the policy already.( smoking out the undesirable ones) So now its been implemented fast due to corvid and if Thailand is now more fun and more peaceful more profitable for thais then just keep the country in this way even after a vaccine is on the market. Enjoy !! Link to comment Share on other sites More sharing options...
kingofthemountain Posted July 25, 2020 Share Posted July 25, 2020 4 hours ago, The Barmbeker said: ...and if they don't bring back the tourists for high- season, things will get worse! i don't see the tourists comeback in mass this year maybe in 2021 but nothing is sure and i don't bet about it all we know is that 5 months later they are still trying to rapatriate the Thai people stranded abroad and only very few categories of foreigners have been allowed to enter in Thailand, under draconian and costly measures. Link to comment Share on other sites More sharing options...
tribalfusion001 Posted July 25, 2020 Share Posted July 25, 2020 2 minutes ago, kingofthemountain said: i don't see the tourists comeback in mass this year maybe in 2021 but nothing is sure and i don't bet about it all we know is that 5 months later they are still trying to rapatriate the Thai people stranded abroad and only very few categories of foreigners have been allowed to enter in Thailand, under draconian and costly measures. And now one local case in Danang and Vietnam is going ape about it. Very little chance of mass tourism restarting whilst these countries are being cautious. Who knows what the right strategy is, either way it's costly for economies. 1 Link to comment Share on other sites More sharing options...
warcy Posted July 25, 2020 Share Posted July 25, 2020 8.1 % contraction is the official figure but the unofficial figure is probably 20%. 1 Link to comment Share on other sites More sharing options...
bert bloggs Posted July 25, 2020 Share Posted July 25, 2020 10 hours ago, Bender Rodriguez said: the magically almost no unemployment in thailand is gone forever... but still they will allow cheap labor from other countries to do their dirty work... problem is ,as our son has said he has just taken on two immigrant workers because Thai workers are lazy , he reckons they do the work of four of his Thai staff. Link to comment Share on other sites More sharing options...
tomazbodner Posted July 25, 2020 Share Posted July 25, 2020 Thailand needs to turn this into an opportunity. Yes, the living standards of people will drop overall and many will need to find income from other sources. But Thailand was going downhill with mass tourism and environmental destruction for a long time, and now it has an opportunity to make something far more sustainable out of it. Of course it will be challenging, but going to the same as what was there before won't happen either, and shouldn't. If it can pull that off, and become less reliant on outside world, it may fare better in the future. Link to comment Share on other sites More sharing options...
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