Jump to content

Southern economy shows signs of recovery


webfact

Recommended Posts

Southern economy shows signs of recovery

 

df5a174642abd4fc3db623b0aa0e516b_small.jpg

   

BANGKOK (NNT) - Following continual stimulus measures from the state, some regions, such as the south, have begun to show signs of economic recovery with consumption and exports increasing after being depressed by COVID-19.

 

Senior Director of the Bank of Thailand’s Southern Office, Sophi Sanguandikul, stated that the private sector consumption contraction has slowed from the previous quarter, partly due to state stimulus programs, such as the co-pay scheme, and partly due to a hike in farm goods prices as a result of lower production.

 

Daily consumption in the region has risen and automotive spending is contracting at a slower pace. Exports of southern-based goods are on the rise, with renewed demand abroad, and the price of goods such as rubber gloves, rubber sap and processed para-rubber higher.

 

Investment in the private sector has further contracted however, as imports have dropped following an earlier surge in industries such as para-rubber and processed seafood. Investment in construction has also began to contract again as some operators have slowed new projects as they assess the next economic phase.

 

Tourism in the south is recovering on the back of government stimulation and consecutive holidays.

 

 

nnt.jpg

 

Link to comment
Share on other sites

13 minutes ago, webfact said:

BANGKOK (NNT) - Following continual stimulus measures from the state, some regions, such as the south, have begun to show signs of economic recovery with consumption and exports increasing after being depressed by COVID-19.

 

Senior Director of the Bank of Thailand’s Southern Office, Sophi Sanguandikul, stated that the private sector consumption contraction has slowed from the previous quarter,

 

Daily consumption in the region has risen and automotive spending is contracting at a slower pace. Exports of southern-based goods are on the rise, with renewed demand abroad, and the price of goods such as rubber gloves, rubber sap and processed para-rubber higher.

 

Investment in the private sector has further contracted however, as imports have dropped following an earlier surge in industries such as para-rubber and processed seafood. Investment in construction has also began to contract again as some operators have slowed new projects as they assess the next economic phase.

 

Tourism in the south is recovering on the back of government stimulation and consecutive holidays.

Amazing Thailand ! A place where contraction means a sign of recovery

  • Like 1
Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.


  • Topics

  • Latest posts...

    1. 20

      Foreigners brawl on Patong Beach sparks criticism of Thai laws

    2. 20

      Foreigners brawl on Patong Beach sparks criticism of Thai laws

    3. 0

      The Subtle Shift from Boyfriend to ‘Useful Assistant’ in Thailand

    4. 49

      Abortion - the last electoral dance

    5. 68

      How to stop the Boats.

    6. 20

      Foreigners brawl on Patong Beach sparks criticism of Thai laws

    7. 2,399

      Thailand to tax residents’ foreign income irrespective of remittance

  • Popular in The Pub


×
×
  • Create New...