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Thai Economic Outlook Weakest in the Region: BoT

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Thai Economic Outlook Weakest in the Region: BoT

 

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BANGKOK, Aug 14 (TNA) – The Thai economic outlook may be the worst in the region thanks to heavy foreign dependency, said outgoing Bank of Thailand governor Veerathai Santiprabhob.

 

As his term is due to expire at the end of September, Veerathai suggested economic restructuring to shift from dependence on the foreign sector to the domestic sector. 

 

He viewed that it could take two years for Thai economy to return to pre- pandemic economy.

 

Full Story: https://tna.mcot.net/english-news-502466

 

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-- © Copyright TNA 2020-08-14
 

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TIT

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1 hour ago, snoop1130 said:

Veerathai suggested economic restructuring to shift from dependence on the foreign sector to the domestic sector. 

Close down 90% of everything in Pattaya and maybe break even with domestic tourists.

 

 

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1 hour ago, rvaviator said:

How can the domestic sector afford to pay what the foreign sector pay ?

A new Taste shop and spend program?

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 Somehow this devastating economical news will be spinned into something very positive ! 👍👌 

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Don't worry, China is waiting to pick up all the pieces🇨🇳

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8 hours ago, Guderian said:

I wish it was reflected in the exchange rate, lol. 

It will do so, the Baht wil surge upwards.

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Thailand will spiral downwards.

 

2 more years, there will be many more homeless sleeping rough.

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