Chambers of commerce issue white paper on economic recuperation

 

 

BANGKOK (NNT) - Because private sector concerns about the many risks to the economy still exist, despite the stimulus measures, the Chambers of Commerce of five regions have submitted a white paper to the government outlining recommendations for further moves.

 

President of the Thai Chamber of Commerce and Board of Trade of Thailand, Kalin Sarain, explained that chambers from across the country held a seminar on preparing businesses for recovery in 2021. All attending acknowledged that, even with a vaccine for COVID-19, enterprises will still have to adapt to the New Normal. Conclusions from the conference are to be compiled into a white paper for presentation to the government and relevant agencies, so that action can be taken. The focus of the chambers includes export, stimulation of local economies with an emphasis on tourism as well as water management, to avoid drought and flooding.

 

Dean of the University of the Thai Chamber of Commerce and President of the Center for Economic and Business Forecasting, Thanawat Polwichai, said the Thai economy has already started to show signs of recovery, with improved consumer and investor confidence. Clear recuperation is expected to be seen during the fourth quarter this year, particularly in the automotive, agricultural and consumer goods sectors, on the back of state stimulus measures. Overall contraction has been estimated at 6 percent for the year, with some uncertainty still lingering due to political tensions.

 

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4 minutes ago, snoop1130 said:

Clear recuperation is expected to be seen during the fourth quarter this year, particularly in the automotive, agricultural and consumer goods sectors, on the back of state stimulus measures. Overall contraction has been estimated at 6 percent for the year, with some uncertainty still lingering due to political tensions.

Clear Recuperation?  A small fire, an Indian blanket and making smoke signals might be just as inciteful as you can see the smoke, just like reading the tea leaves at the bottom of your cup.  But to say Clear recuperation is expected to be seen during the fourth quarter where we are entering the final month is any ones guess as to what the economy will do.   If they are basing there percentages of growth on views and what people are thinking then anything is possible.  A person can say today how they will move forward and spend as things get better, but then as things linger and the outlook becomes not what they anticipated, they may change their view and this will skew the estimated percentages.

15 hours ago, snoop1130 said:

Because private sector concerns about the many risks to the economy still exist, despite the stimulus measures, the Chambers of Commerce of five regions have submitted a white paper to the government outlining recommendations for further moves.

They need to refill due to excessive use.

Without knowing anything other than the nationality of the authors, I can anticipate that the paper will be little more than lots of fancy sounding big words and concepts they've copied from a variety of international sources. 

 

They will get their pictures taken and be on their way. Face gained. Job done. 

 

1 hour ago, hotchilli said:

They need to refill due to excessive use.

Oh I missed the typo so it was a Wipe Paper, well then that makes perfect sense.