Third wave of COVID infections spins new economic risks

[webfact]

People walk past closed shops on Khao San Road, a once popular tourist strip in Bangkok. (Photo by Jack TAYLOR / AFP)

 

Thailand’s new wave of COVID-19 infections has raised the economic risk level, but a clear picture of the impact will only emerge after the Songkran break.

 

The Thai economy contracted 6.1 per cent amid the first wave last year, and following the second wave in December and third wave just last week, many people are worried that Thailand’s recovery will be further delayed.

 

The government is also under fire because the transport minister and other senior officials were rumoured to be among the cluster-infection at Bangkok nightspots where the third wave first emerged.

 

Full story: https://www.thaipbsworld.com/third-wave-of-covid-infections-spins-new-economic-risks/

 

-- © Copyright Thai PBS 2021-04-12

 

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[RichardColeman]

 

1 hour ago, webfact said:

Thailand’s new wave of COVID-19 infections has raised the economic risk level, but a clear picture of the impact will only emerge after the Songkran break.

 

Was having a disagreement on here the other day about me predicting -1 or -2% this year Thai GDP (due to tourism loss Q1 last year and not replaced this), whilst the world financial 'experts' are predicting 'some' Thai growth.

 

If Songkran is the expected covid disaster we all think it's about to become and delays opening Phuket and then the expected rolled out opening, I think the paid experts are in the wrong job of forecasting and forethought based on their faith in certain governments leaders.

 

Far as I can see, the PM rolling out Songkran will be about as successful in fighting covid as Boris's opening for X-mas. 

[Excel]

1 hour ago, RichardColeman said:

 

 

Was having a disagreement on here the other day about me predicting -1 or -2% this year Thai GDP (due to tourism loss Q1 last year and not replaced this), whilst the world financial 'experts' are predicting 'some' Thai growth.

 

If Songkran is the expected covid disaster we all think it's about to become and delays opening Phuket and then the expected rolled out opening, I think the paid experts are in the wrong job of forecasting and forethought based on their faith in certain governments leaders.

 

Far as I can see, the PM rolling out Songkran will be about as successful in fighting covid as Boris's opening for X-mas. 

Actually the PM here will be far more successful. Successful that is in ensuring a mass spread of covid due to his earlier statements on travelling at Songkran and doubly more successful due to the fact the roll-out of nationwide vax is almost non-existent ( unless you are a HISO and members of the other  privileged  and/or decadent few, but the bright side for the rest of the nation is that many of these undeserving folk have received Sinovac which according to todays reports is not very effective . Karma  perhaps.