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World Bank optimistic of Thai economic recovery next year despite likely contraction in 2020

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3 hours ago, snoop1130 said:

World Bank optimistic

...to think that Thailand will still be here next year.

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As an expat living here, I do feel sad to see money not spent adequately on libraries, health, schooling , infrastructure etc, the likes of which western countries incur lots of debt. But I do see much happier people generally . So who knows . A balance , I suppose, would be nice. 
I sincerely wish the Govt the best as these are terribly difficult times and hope they will look after all Thais who are badly affected economically with all the lockdowns and restrictions that are there to curb this virus.

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Keep on dreaming ...

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Thailand is currently in a strong financial position due to the influx of for -ex and investment coming in from the West when the recession( and let's hope it's not a depression ) follows the end of the virus will it continue? Also expect a large exodus of ex pats who will not be able to afford to live there,let's face it Thailand's had its day,it's not value now and is just another third world country with first world prices and aspirations.

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The world bank now there is someone you can trust......

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At the beginning of any journey there is hope... but one day we arrive at the destination and must face reality.

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16 hours ago, snoop1130 said:

Thailand's gross domestic product is forecast to be in negative territory -- between -3 and -5 per cent this year -- Kiatipong Ariyapruchya, World Bank’s senior economist for Thailand, said on Thursday (April 2).

With it's economy already falling due to the Baht strength and tourism now at zero Thailand is in for a bad year, thousands will be unemployed.. for a long time.

Many will not last out this year and fold completely.

As foreign companies close or lay-off staff in factories Thailand has nothing of it's own to fill the void or offer alternative employment.

People returning from other Asian countries will be signing on too.

Prayut is in for a rocky ride when people start to go hungry... best delay the military expenditure and start putting some in the publics pocket or there will be riots on the street.

 

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3 hours ago, hotchilli said:

Prayut is in for a rocky ride when people start to go hungry... best delay the military expenditure and start putting some in the publics pocket or there will be riots on the street.

Nah- Thailand produces massive amounts of food. Thailand is unlikely to go hungry.

ITs the rest of the world you need to worry about. 

Very likely to see unrest in places like the Philippines for sure.

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Maybe the worm will turn, the food producing north and south will hoard the food and let Bangkok starve.

Empty malls/restaurants and no ability or place to grow anything, if they had the knowledge that is

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