Jump to content
BANGKOK
webfact

Thailand’s Economic Index Falls - Household Debt Rises

Recommended Posts

Thailand’s Economic Index Falls - Household Debt Rises

 

9883b48553e96d6ecc0371eea6860756_small.jpg

   

BANGKOK (NNT) - Due to the COVID-19 pandemic, the employment rate, debt and other financial burdens have been affecting the economy and Thailand’s cost of living. The country’s economic index has also decreased.

 

It’s predicted that the economic index for the next three months will decrease from 37.4 to 36.8. Meanwhile, Thai families are increasingly concerned with all aspects of changes, especially the costs of products and services after food and energy capital costs were raised. Another factor that might play a major part in the economic conditions is the possibility of a second wave of the COVID-19 pandemic.

 

Kasikorn Research Center has predicted that Thailand’s economic situation and cost of living for the rest of this year is slowly regenerating but is still fragile, even though the Bank of Thailand and the government have been launching financial support of various types.

 

The main reasons are the low employment rate and global economic woes.

 

However, the survey found that if there is a second wave of the pandemic, the majority of Thai citizens still want the government to lockdown only places affected by the outbreak.

 

Source: http://thainews.prd.go.th/en/news/detail/TCATG200811165822007

 

nnt.jpg

Share this post


Link to post
Share on other sites

Can anyone explain what this "economic index" refers to and where it comes from? I just haven't heard of it.

Also, the Kasikorn group's idea that the economy is "slowly regenerating" seems counter to other predictions out there.

 

Share this post


Link to post
Share on other sites

same same everywhere .....  the great Thailand comes crashing down .... lol

Share this post


Link to post
Share on other sites
7 hours ago, webfact said:

BANGKOK (NNT) - Due to the COVID-19 pandemic, the employment rate, debt and other financial burdens have been affecting the economy and Thailand’s cost of living. The country’s economic index has also decreased.

This was the case before Covid-19 thanks to Prayuts gang .

 

  • Like 2

Share this post


Link to post
Share on other sites

But..... The Teflon Baht keeps rising !

  • Haha 1

Share this post


Link to post
Share on other sites
Posted (edited)
15 minutes ago, tomazbodner said:

Against what? Dollar?

Compare with something else.

 

image.png.a21db1e8d191cffa0f0a7c47e07d01ec.png

 

https://www.xe.com/currencycharts/?from=EUR&to=THB&view=1Y

From 34 to 37 bths for 1 euro is not really amazing

with the actual economic situation in Thailand the ''real''

valor of the thb against the euro should be at least around 40\45

since 2 or 3 months

but maybe the economic situation of the euro area is even worse?

Edited by kingofthemountain

Share this post


Link to post
Share on other sites

If you check the baht's performance since March (eg at xe.com), it has basically fallen against the AUD & the Euro, but the picture against the USD, CAD & £ is messy & even rising (but with no very clear pattern emerging).

Share this post


Link to post
Share on other sites

The household debt is the big worry, they have sold their gold and borrowed more sooner or later the day of reckoning will come, the current administration dont seem to understand that while they still have jobs and getting paid along with all the government agencies the rest of the country which is more than half have seen the world they knew disappear with jobs and more no more and no chance of them returning and what does the Government do? They dont seem to understand that there is a huge problem developing, the demonstrations are not going to go away and get smaller, some interesting times ahead for Prayuth and his friends coming soon,  white suit and a smile is not the answer.

  • Like 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...