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Economic council sees effects of Covid-19 outbreak easing in second quarter

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Economic council sees effects of Covid-19 outbreak easing in second quarter

By THE NATION

 

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The gradual improvement in the global economy and expansion of domestic demand are among four supporting factors for the Thai economy despite negative factors, the Office of the National Economic and Social Development Council (NESDC) said. The economic drive from the government’s measures and last year’s economic low-extension are the other two factors.

 

NESDC explained that the pressure from international issues such as the US-China trade war a “no-deal Brexit” had eased.

 

The NESDC predicted that the impact from the Covid-19 on China and other countries’ economies would end in May, and economic pressure would start to reduce in the second quarter of 2020.

 

Meanwhile, domestic demand has grown at a pleasant rate in household spending and private investment, the NESDC said. The extended demand was partly boosted from a relocation of production bases by entrepreneurs to avoid trade protection measures. Besides, the relaxation of some loan to value measures was included.

 

Third, the government this time has issued several measures to drive Thailand’s economy, such as caring for low-income people or financial aid to ease the impact on the tourism sector.

 

Finally, the NESDC said that the low economic expansion in 2019, especially the last quarter, would trigger the “low base effect” and support expansion in the fourth quarter of 2020 to be higher than the normal rate.

 

The NESDC believed that these four factors would help improve Thailand’s economy this year, if the Covid-19 outbreak stopped in the second quarter. “The economy would recover in V shape,” the NESDC added.

 

Source: https://www.nationthailand.com/news/30382728

 

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-- © Copyright The Nation Thailand 2020-02-24
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Odd. That doesn't appear to be the same as other countries are saying. More lies?

 

'V-shaped recovery'? I'm thinking that's wishful thinking... Say it often enough and get thee down the wat and it might happen. Maybe.

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The Economic Council thinks the virus emergency will be over at the end of Q2.

 

I wonder what the Medical Council thinks...?

Does Thailand have a Medical Council?

 

Does the Agricultural Council have an opinion?

 

Doe anyone care?

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4 hours ago, webfact said:

The NESDC predicted that the impact from the Covid-19 on China and other countries’ economies would end in May,

Too strong ...:w00t:
When you see what is really happening in China or all transport whether land, sea or air are completely disorganized.
But in May, that is to say in 10 weeks, everything will be back to normal; exit the coronavirus or Civid-19, its new name ...

Stop taking us for six day calves ...:stoner:

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Exports in January were up 3.45% to USD 19.3 bill., exports to some countries such as Taiwan increased by 13%. That's all money coming into the country by way of profit and it will get spent, the idea that domestic spending has increased is not that impossible.

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