Popular Post snoop1130 Posted August 27, 2020 Popular Post Share Posted August 27, 2020 Finance Minister: Thai Economy Passes Worst of Coronavirus Crisis BANGKOK, August 26 (TNA) – Thai Finance Minister Predee Daochai has said the country’s economy has passed the worst point of the COVID-19 crisis. Speaking in a seminar via teleconference at Thailand Focus 2020 on Wednesday, the Finance Minister said that the Thai country experienced the worst COVID-19 impact in the second quarter when the GDP contracted 12.2 percent. He told the seminar participated by domestic and foreign investors that Thailand’s economy had now gradually recovered, on pace for 4-5 percent growth next year. Full Story: https://tna.mcot.net/english-news-519886 -- © Copyright TNA 2020-08-27 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 8 Link to comment Share on other sites More sharing options...
Popular Post johng Posted August 27, 2020 Popular Post Share Posted August 27, 2020 Yes pull the other leg it's got bells on. 3 Link to comment Share on other sites More sharing options...
Popular Post ThailandRyan Posted August 27, 2020 Popular Post Share Posted August 27, 2020 Well that says it all. Looks like the economy is on the upswing, unemployment will be rapidly decimated, and a return to Happiness has been accomplished. Good Job I say, and shake me so I can wake up from this dream I must be stuck in where the world is apparently seen through rose colored glasses. 3 3 Link to comment Share on other sites More sharing options...
Mavideol Posted August 27, 2020 Share Posted August 27, 2020 6 minutes ago, snoop1130 said: when the GDP contracted 12.2 percent. 6 minutes ago, snoop1130 said: on pace for 4-5 percent growth next year. if the numbers he indicated are correct (I doubt) still a contraction of around 7-8 percent.... wishful thinking 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted August 27, 2020 Share Posted August 27, 2020 I think he has been taking the p-i-s-s 1 Link to comment Share on other sites More sharing options...
Popular Post trainman34014 Posted August 27, 2020 Popular Post Share Posted August 27, 2020 Another Thai 'Expert' that lives in Cloud Cuckoo Land ! 1 1 1 Link to comment Share on other sites More sharing options...
soalbundy Posted August 28, 2020 Share Posted August 28, 2020 A lot can happen between now and next year. It's always next year with you chaps, probably because you don't expect to last that long. 1 1 Link to comment Share on other sites More sharing options...
ThailandRyan Posted August 28, 2020 Share Posted August 28, 2020 43 minutes ago, soalbundy said: A lot can happen between now and next year. It's always next year with you chaps, probably because you don't expect to last that long. 4 months left in 2020, so please let us know how the economy will be rescued and the world according to Thailand will be just fine and right as rain by the end of the year, with no unemployment and full tourism. What, yeah not gonna happen 2 Link to comment Share on other sites More sharing options...
hotchilli Posted August 28, 2020 Share Posted August 28, 2020 15 hours ago, snoop1130 said: Thai Finance Minister Predee Daochai has said the country’s economy has passed the worst point of the COVID-19 crisis. The Covid crisis maybe... but not everything is about Covid. 1 Link to comment Share on other sites More sharing options...
Popular Post tomacht8 Posted August 28, 2020 Popular Post Share Posted August 28, 2020 Thai Finance Minister Predee Daochai has said the country’s economy has passed the worst point of the COVID-19 crisis. Hard to say, but I don't think so. The economic effects of April to August are still to come. Tourism is dead, the borders are closed, millions without jobs, savings and credit lines are exhausted. Who still has the money to buy a new car, refrigerator, TV, computer, condo, motorcycle, vacation trip, clothes, etc. For many, the money is just enough to buy food. It is not just the case that the income from tourism is lost, but as a result the lower purchasing power will affects all sectors. 4 Link to comment Share on other sites More sharing options...
Isaan sailor Posted August 28, 2020 Share Posted August 28, 2020 We may have hit bottom, but it’s still a long, long way to go. Link to comment Share on other sites More sharing options...
Redline Posted August 28, 2020 Share Posted August 28, 2020 Cool, COVID is over~hurry get out the news! All Thais should have vaccinations by year end Link to comment Share on other sites More sharing options...
vivananahuahin Posted August 28, 2020 Share Posted August 28, 2020 We need to give him time and credit and he will realise that the worst will be for next year,the tunnel is still very long and full of pitfalls,the real obstacle course. Link to comment Share on other sites More sharing options...
scammed Posted August 28, 2020 Share Posted August 28, 2020 (edited) in that he is wrong, the downward spiral continues unabated and the coffers will dry out, lets hear what he go to say after another 1/2 year of senseless lock down Edited August 28, 2020 by scammed 1 Link to comment Share on other sites More sharing options...
sammieuk1 Posted August 28, 2020 Share Posted August 28, 2020 Extinguisher for the minister his pants are on fire ???? Link to comment Share on other sites More sharing options...
connda Posted August 28, 2020 Share Posted August 28, 2020 On 8/27/2020 at 6:06 PM, snoop1130 said: Thai Finance Minister Predee Daochai has said the country’s economy has passed the worst point of the COVID-19 crisis. Somebody's has donned their rose-tinted non-reality goggles or has been smoking whacky-weed. The rich and the wealthy who are actually making money hand-over-fist during the 'crisis' telling the commoners that everything is OK. It is. For the wealthy. Average people are shafted and will be suffering for the next year to two years if not longer. Link to comment Share on other sites More sharing options...
Zikomat Posted August 28, 2020 Share Posted August 28, 2020 Yeah, 2 million tourists are on their way to Phuket. The worst is behind us. 1 Link to comment Share on other sites More sharing options...
baansgr Posted August 28, 2020 Share Posted August 28, 2020 The only business I see at present working full steam are printers, printing for rent and for sale signs 1 Link to comment Share on other sites More sharing options...
Lancelot01 Posted August 28, 2020 Share Posted August 28, 2020 6 hours ago, scammed said: in that he is wrong, the downward spiral continues unabated and the coffers will dry out, lets hear what he go to say after another 1/2 year of senseless lock down Next year he will probably revert to the US-China trade spat that's holding the country's economy back. Link to comment Share on other sites More sharing options...
dbrenn Posted August 29, 2020 Share Posted August 29, 2020 On 8/27/2020 at 9:14 PM, Mavideol said: if the numbers he indicated are correct (I doubt) still a contraction of around 7-8 percent.... wishful thinking Thailand will bounce back. It always does. It's fundamentally successful, its people work hard, and it has a robust, export led economy. Quite unlike the western world, which closed down all its manufacturing industries and gave all its money to China. Link to comment Share on other sites More sharing options...
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