Thailands Economy Sinks! 8.3 Million Jobs Gone Due To Covid-19

[tribalfusion001]

 

[Silent Number]

Do you think Thailand is alone  in its unemployment and loss of gross domestic product. Most of the worlds affected couNtries are suffering the same fate. One would think Thailand is the worst hit economically to read what posters on here write.Thailand has done a great job of containing the spread of virus but I noticed in my area mask wearers have gone from about 90% down to about 40% lately.

 

 

[Bassosa]

Being extremely protective comes at a price.

 

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[OneMoreFarang]

"The Expats Report" with 65k subscribers, well known for their knowledge - or maybe not?

[tribalfusion001]

Not sure why it came up on my YouTube recommended list, but I watched it anyway and thought why not post it on here. I don't have opinion on the subject lol.

[johnray]

Everything is open running smoothly.  I went to a floating market recently and there were so many people we were shuffling along barely making a step.

 

This looks like 11 minutes of horsesh*t.

Edited July 29, 2020 by johnray

[Airalee]

So does that raise the unemployment rate from 1% to 2%?

[ratcatcher]

Well, I must be the odd guy out. I clicked on the video because of the stunner in the picture. No sign of her in the video. 

If she's unemployed, my wife needs an assistant on the property.

[dimitriv]

1 hour ago, Silent Number said:

Do you think Thailand is alone  in its unemployment and loss of gross domestic product. Most of the worlds affected couNtries are suffering the same fate.

 

Not the same.  If you have an economy that depends for a part on tourism than yes. But for other countries this isn't a problem.

 

Where I come from restaurant and bar owners complain. But other businesses are enthusiastic about the things they learned, about the changes. Many companies found out that working at home is really great and a good way to save money in the future. Webshops thrive. Many people see new opportunities. 

 

 

[cmarshall]

9 hours ago, Bassosa said:

Being extremely protective comes at a price.

 

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Wouldn't matter what Thailand did.  Tourists aren't travelling.  If as much as 20% of your GDP comes from tourism, your economy takes a big hit.

[ExpatOilWorker]

Report on the economy. 

 

Impact of COVID 19 on Thailand (TDRI July 2020).pdf

[mommysboy]

Notwithstanding the monotonous, sarcastic video monologue, I believe the facts to be broadly correct.  Yes, Thailand has a very serious problem.  Quite simply losing its international tourism is a hammer blow to the economy, and the problems even without that are just as grave as in other countries.  There could be all sorts of shock waves: mass unemployment and debt defaults being the most obvious.  Where that leads in terms of societal unrest is anybody's guess but there has been a history of uprisings.