webfact Posted July 29, 2021 Share Posted July 29, 2021 Khao San Road, a once popular tourist strip in Bangkok. (Photo by Jack TAYLOR / AFP) By Thai PBS World’s Business Desk Thailand’s economic recovery looks set to be delayed further, with many research houses revising down their growth forecasts for this year. The economy contracted 6.1 percent last year amid the fallout of the COVID-19 crisis and lockdowns. Earlier this year, many economists were optimistic that it would expand by 2 percent or higher in 2021. However, following the third wave of infections that emerged in April, they have changed their forecasts. With new infections soaring daily, the government has again imposed harsh restrictions and a curfew in Bangkok and the 12 other hotspot provinces. Full story: https://www.thaipbsworld.com/virus-surge-kills-chance-of-early-economic-recovery-for-thailand/ -- © Copyright Thai PBS 2021-07-29 - Whatever you're going through, the Samaritans are here for you - Follow ASEAN NOW on LINE for breaking COVID-19 updates 1 Link to comment Share on other sites More sharing options...
Popular Post LazySlipper Posted July 29, 2021 Popular Post Share Posted July 29, 2021 and here they say that the exports will be greater and that all is well... 3 Link to comment Share on other sites More sharing options...
hotchilli Posted July 29, 2021 Share Posted July 29, 2021 Who was it only yesterday stated that exports would rise higher than predicted ? Link to comment Share on other sites More sharing options...
HappyinNE Posted July 29, 2021 Share Posted July 29, 2021 Looking at the number of closed shops my guess is minus at least 10%. If I am off it is because I am too optimistic. Link to comment Share on other sites More sharing options...
jcmj Posted July 29, 2021 Share Posted July 29, 2021 Do you expect to ever get the truth from this party? Link to comment Share on other sites More sharing options...
AnotherFarang8 Posted July 29, 2021 Share Posted July 29, 2021 Correction: not the virus surge kills chance, but suspension of economic activities kills chance. 1 Link to comment Share on other sites More sharing options...
ozzydon Posted July 29, 2021 Share Posted July 29, 2021 but it will be all over in a couple of weeks remember thats what they said and exports going up some one isnt telling the truth but what else can you expect from this mob and the reserves will keep them afloat but some how o dont believe anthing they say thailands going to be in for a rough ride Link to comment Share on other sites More sharing options...
bkk6060 Posted July 29, 2021 Share Posted July 29, 2021 It would have to be negative again this year 40 million people not spending money here. If it goes on much longer, I guess it could be considered an economic depression. But, unfortunately it seems for many mental depression has/is becoming a big problem. 1 Link to comment Share on other sites More sharing options...
sucit Posted July 29, 2021 Share Posted July 29, 2021 Closing country early killed recovery chances Link to comment Share on other sites More sharing options...
Deli Posted July 29, 2021 Share Posted July 29, 2021 It's not not only the Chinese Virus surge but the Government killing the economy. 1 Link to comment Share on other sites More sharing options...
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