Economic impact of Covid-19 second wave less severe than in 2020: BOT

By THE NATION

 

 

The Bank of Thailand (BOT) on Friday said that the impact on the economy from the second Covid-19 outbreak was milder than from the first outbreak at the beginning of 2020.

 

 

BOT senior director Chayawadee Chaianant said that the second outbreak was less severe compared to the first one, while medical preparations were better than before.

 

She added that government measures implemented at present were less stringent than in the last year, as a result exports were still expanding.

 

The BOT added that the red provinces were areas where the Covid-19 outbreak had hit the highest level. The impacted persons in the areas were mostly daily wage workers, whose working hours have been reduced from the new virus crisis.

 

To deal with the virus’ effects, Chayawadee said business operators and their workers must be helped at the earliest. Focus must be on people in the fragile group.

 

Source: https://www.nationthailand.com/news/30401333?utm_source=category&utm_medium=internal_referral

 

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6 minutes ago, rooster59 said:

The Bank of Thailand (BOT) on Friday said that the impact on the economy from the second Covid-19 outbreak was milder than from the first outbreak at the beginning of 2020.

 

Could that be because there's less businesses that were still open so fewer to fail this time around? As the economy was already on it's knees it can't go much lower.

 

5 minutes ago, rooster59 said:

The BOT added that the red provinces were areas where the Covid-19 outbreak had hit the highest level. The impacted persons in the areas were mostly daily wage workers, whose working hours have been reduced from the new virus crisis.

 

...and the government really don't care about the ordinary working population.

 

1 hour ago, rooster59 said:

Economic impact of Covid-19 second wave less severe than in 2020: BOT

 

Is it over already ??????

 

Great news  

And in 2026 they will be saying that the health and economic impact of COV-19 will not be quite as bad as it was in 2025.

Sure it is! Unfortunately they missed to take the total into consideration. This is just another statement that is made to put a fake trust in the Thai economy to push up the value of, or maintain the value of the baht.

22 hours ago, soi3eddie said:

 

 

Could that be because there's less businesses that were still open so fewer to fail this time around? As the economy was already on it's knees it can't go much lower.

 

Exactly!  Can't take jobs away from the already unemployed!