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

[webfact]

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

By THE NATION

 

 

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

 

-- © Copyright The Nation Thailand 2020-02-24

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[ParkerN]

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.

[Cake Monster]

the problems possible could in in May

Next Year

[Creasy]

’Third, the government this time has issued several measures to drive Thailand’s economy, such as caring for low-income people ’
 

Who are they kidding ?

[smedly]

so lets take two points raised here while also considering the severe challenges going forward 

 

So domestic spend (Thai people) is increasing while tourism and incomes across the board are going through the floor

 

yes that makes a lot of sense, keep saying it often enough and it might come true

 

Covid -19 is almost eradicated in Thailand so everyone welcome

 

There is no doubt that these people tell a great yarn

 

Surprised no mention of any hubs 

[ParkerN]

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?

[Thunder26]

No one knows  what will happen in the second quarter. Nobody knew one week ago that the things would get out of control in South Korea, Iran and Italy. The world is at the brink of collapse now. Things are changing very fast. However, I really hope Thailand not to be affected much, unfortunately the way the things are progressing it looks bad.

Edited February 24, 2020 by Thunder26

[Assurancetourix]

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 ...
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 ...

[saengd]

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.

[Scott Tracy]

Fortune telling, crystal ball gazing, soothsaying, economists. Says it all really.