Ex-WTO chief positive Thai economy will improve next year

 

 

BANGKOK(NNT) - A former chief of the World Trade Organization has expressedd an optimistic outlook on the Thai economy, expecting rapid recovery early next year.

 

Mr Supachai Panitchpakdi, a former Director General of the World Trade Organization (WTO) disclosed today that he expects Thai economic recovery post COVID-19 to take some time, starting in Q3 and Q4 this year, with a better performance expected early next year.

 

He said Thailand is considered among countries in the Asian region that have managed the COVID-19 pandemic well, and expected the authorities to be able to control the situation should there be a second wave of infections.

 

The former WTO chief and national strategy board’s senior adviser said however the economy’s recovery is not able to commence fully just yet due to problems faced around the globe, while the government must provide support to the general public and businesses of all types to prolong their operations, protect society from further damage, as well as provide more help to informal workers, senior citizens, and unregistered persons with disabilities.

 

According to Mr Supachai, the Thai economy in Q3-Q4 this year will see less shrinkage and improved consumer confidence. He also stressed the importance of international cooperation between all countries in order for the world to recover from this global crisis.

 

Mr Supachai also denied a claim he has been offered the position of the new Minister of Finance by the Prime Minister.

 

-- © Copyright NNT 2020-09-11

 

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4 minutes ago, snoop1130 said:

Mr Supachai also denied a claim he has been offered the position of the new Minister of Finance by the Prime Minister.

How much was he paid for his verbal support to say that there will be an increase of the ever shrinking economy.  Tell us more please, I am waiting to hear how the economy will expand instead of contract further.  Is it by forcing Japan and S. Korea to buy more products? At first they deny, then lo and behold...Bam

Well the economy will improve sometime.  If it gets a 0.01 % rise his statement will be deemed true!

don't you love CRYSTAL BALL predictions .... no s...t sherlock

 

economy in the toilet, can it get worse ?

 

YES IT CAN ....

How many brown envelopes were passed around to come out with such a stupid comment Every country in the world is going to suffer with its economy for at least two years and let’s not fool ourselves with the very strict restrictions that Thailand has introduced towards tourists the tourism industry is going to be in free fall unless they ease the restrictions ,no sane tourist is going to come if they have to spend 14 days incarcerated in a hotel room at their own expense.

Edited September 12, 20205 yr by crazykopite

16 hours ago, snoop1130 said:

A former chief of the World Trade Organization has expressedd an optimistic outlook on the Thai economy, expecting rapid recovery early next year.

With the present government sorry no.

ok .... so it's all good then ..

our political leaders are confusing cause of the economic hardship,

covid didnt cause it, the politicians enforcing shut down did,

and only when politicians do nothing at all can economy recover

6 minutes ago, steven100 said:

ok .... so it's all good then ..

For now, yes

Due to current economic contitions. The light at the end of the tunnel has been turned off! 

Thailand get your head out from your butt and do something more than just talking!

1 hour ago, 2 is 1 said:

Due to current economic contitions. The light at the end of the tunnel has been turned off! 

Thailand get your head out from your butt and do something more than just talking!

Like what? If you mean opening the borders for tourists then the same people demanding this will be shouting at the government when the pandemic comes roaring back, "You've opened too soon, why didn't you listen to the experts etc." There is no easy solution, this is as it is. God help us if and when (as the experts say) a really horrific pandemic one day hits us with a 20% death rate.

I've been reading about some young people who after being cured of covid still have symptoms that are so bad that they are incapable of working months after the cure, this illness is obviously more complicated than at first thought, affecting many people differently, some take it in their stride, some die and some are incapacitated for months never knowing if they will ever get better. A vaccine seems the only answer.

18 hours ago, snoop1130 said:

A former chief of the World Trade Organization has expressedd an optimistic outlook on the Thai economy, expecting rapid recovery early next year.

I bet he didn't put a wager on it?

19 hours ago, snoop1130 said:

Mr Supachai Panitchpakdi, a former Director General of the World Trade Organization (WTO) disclosed today that he expects Thai economic recovery post COVID-19 to take some time, starting in Q3 and Q4 this year, with a better performance expected early next year.

I was willing to start taking this story seriously, until I read the country would start improving Q3 & Q4 of this year and early next

2 hours ago, RichardColeman said:

I was willing to start taking this story seriously, until I read the country would start improving Q3 & Q4 of this year and early next

I also was prepared to start taking the report seriously.

Then I got only as far as Paragraph 2, and read the reporters name

It was Thai

Another Dreamer

Time to put the kettle on for a Cuppa.

3 hours ago, soalbundy said:

God help us if and when (as the experts say) a really horrific pandemic one day hits us with a 20% death rate.

yes, lets save up money for if and when that day comes

rather then pi$$ing the money away on a flu with 0.001 death toll targeting the old.

at this rate, we cant afford a defense if the day comes when its needed

Thailand, North Korea and China. All very similar. The people in power absolutely anything. Nobody dares challenge them anyway. 

8 hours ago, Bender Rodriguez said:

don't you love CRYSTAL BALL predictions

I think his crystal ball is a little cloudy.

 

I once knew a gypsy lad who had a glass eye....his father had a crystal ball.

7 hours ago, steven100 said:

ok .... so it's all good then ..

Any idea who is responsible for the economy, or actually the mess it is in now?

 

I give you a small hint.

 

 

 

Edited September 12, 20205 yr by Susco

16 minutes ago, Susco said:

Any idea who is responsible for the economy, or actually the mess it is in now?

 

I give you a small hint.

 

 

 

I'll give you a hint ....   rhymes with Bovid .....  starts with a C   

1 minute ago, steven100 said:

I'll give you a hint ....   rhymes with Bovid .....  starts with a C   

I give you another hint. Covid became an issue earlier this year, not in 2016