Thai Economic Outlook Weakest in the Region: BoT

 

 

BANGKOK, Aug 14 (TNA) – The Thai economic outlook may be the worst in the region thanks to heavy foreign dependency, said outgoing Bank of Thailand governor Veerathai Santiprabhob.

 

As his term is due to expire at the end of September, Veerathai suggested economic restructuring to shift from dependence on the foreign sector to the domestic sector. 

 

He viewed that it could take two years for Thai economy to return to pre- pandemic economy.

 

Full Story: https://tna.mcot.net/english-news-502466

 

-- © Copyright TNA 2020-08-14

 

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How can the domestic sector afford to pay what the foreign sector pay ?

TIT

"So I'm out of here in September to my new villa in the South of France. Thanks for all the fish."

But the good news:

 

We defeated the COVID19.....

 

1 hour ago, snoop1130 said:

Veerathai suggested economic restructuring to shift from dependence on the foreign sector to the domestic sector. 

Close down 90% of everything in Pattaya and maybe break even with domestic tourists.

 

 

1 hour ago, rvaviator said:

How can the domestic sector afford to pay what the foreign sector pay ?

A new Taste shop and spend program?

1 hour ago, snoop1130 said:

Thai Economic Outlook Weakest in the Region: BoT

 Give it TAT, they'll soon spin it around

I wish it was reflected in the exchange rate, lol. 

 Somehow this devastating economical news will be spinned into something very positive ! ???????? 

Don't worry, China is waiting to pick up all the pieces????????

So Thailand is reliant on Foreigners...?

8 hours ago, Guderian said:

I wish it was reflected in the exchange rate, lol. 

It will do so, the Baht wil surge upwards.

On 8/14/2020 at 4:13 AM, NCC1701A said:

"So I'm out of here in September to my new villa in the South of France. Thanks for all the fish."

 

You do know that French people come from France don't you.  Millions of 'em there.

Thailand will spiral downwards.

 

2 more years, there will be many more homeless sleeping rough.

15 hours ago, snoop1130 said:

The Thai economic outlook may be the worst in the region thanks to heavy foreign dependency, said outgoing Bank of Thailand governor Veerathai Santiprabhob.

 

the headline states a "fact".        i read this sentence as an OPINION.     Yes ?

He can now reflect on his proudest achievement:  guiding the Baht to astronomically high levels.  Congratulations, for a job well done.

1 hour ago, Paiman said:

Thailand will spiral downwards.

 

2 more years, there will be many more homeless sleeping rough.

And that's only the ex-pats! ????????????.

19 hours ago, snoop1130 said:

The Thai economic outlook may be the worst in the region thanks to heavy foreign dependency, said outgoing Bank of Thailand governor Veerathai Santiprabhob.

And a great leader for the last 6 years can take pride in that!!

On 8/14/2020 at 9:13 PM, NCC1701A said:

"So I'm out of here in September to my new villa in the South of France. Thanks for all the fish."

Hope you are taking the harem with you and teach them the basic important French phrases such as 'menage a trois'. 

 

I think it means good morning ....or good moaning.

15 hours ago, Paiman said:

Thailand will spiral downwards.

 

2 more years, there will be many more homeless sleeping rough.

Agreed, and Thousands of families near to starving... 

That's like Las Vegas saying 'Who needs tourists?'

And the baht is still grossly over priced