Southern economy shows signs of recovery

[webfact]

Southern economy shows signs of recovery

 

   

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.

 

 

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[RichardColeman]

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

[Knocker33]

The south covers a large area. Where in the south is recovering as I live the south and I have not seen much of a recovery