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Thai economy seen back to 'normal levels' within two years - deputy PM

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2 hours ago, webfact said:

BANGKOK (Reuters) - Thailand's economy is expected to return to normal levels within two years as the government tries to mitigate the global impact of the coronavirus pandemic, a deputy prime minister said on Friday.

 

With UK going on a 6 months lockdown ..ish, and talking vaccine summer....ish, I think talking Thailand 2 years to be back at normal levels is just ridiculous. 

 

Thailand may be able to pay its own populace to go on newly issued holiday and long weekends, but the farang is a little wiser I suspect and will be trying to get their monetary issues in order first before flying off to Thailand for an expensive holiday. I would estimate 5 years minimum at least after vaccine to get back to normal

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7 minutes ago, RichardColeman said:

With UK going on a 6 months lockdown ..ish, and talking vaccine summer....ish, I think talking Thailand 2 years to be back at normal levels is just ridiculous. 

 

Thailand may be able to pay its own populace to go on newly issued holiday and long weekends, but the farang is a little wiser I suspect and will be trying to get their monetary issues in order first before flying off to Thailand for an expensive holiday. I would estimate 5 years minimum at least after vaccine to get back to normal

Agree 100%

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2 hours ago, Canuck1966 said:

These people make Joe Biden look intelligent and coherent!

Whereas no-one and nothing could ever make his buffoon competitor intelligent or coherent.

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In two years, perhaps tourism recovers.  In two years, Thailand won't have much manufacturing for export left.  They need currency help now--not down the road.

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4 hours ago, webfact said:

Thai economy seen back to 'normal levels' within two years - deputy PM

Does he mean pre-Covid levels... that's disturbing.

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4 hours ago, webfact said:

Thai economy seen back to 'normal levels' within two years - deputy PM

I'm just imagining Prawit telling Supattanapong to go out and make this statement. Supattanapong angrily telling him that he'll do it this one time but he's gotta get a new finance minster. 

 

No wonder no one wants the job. 

Edited by rkidlad
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4 hours ago, webfact said:

The government has used nearly 800 billion baht ($25 billion) in supporting the economy, Supattanapong Punmeechaow told a business seminar.

 

"I think the economy should get back to normal levels within two years," he said. "But if we can manage it very well, we may see that late next year".

 

The government will continue to introduce stimulus measures and plans subsidies under a "co-pay" scheme, rather than handouts, to help spur consumption, he said, without giving further details.

OK

now please put this nice guy with 0 income from today and during the next 2 years 

and let's see how he can manage it very well with no any handouts

like most of the Thai people are trying to survive actually

Edited by kingofthemountain
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Just now, kingofthemountain said:

lol

these 2 old chaps from the muppet show

they were my favorites in the good old time

Yep, but now a friend said to me the other day when I was sitting at a bar watching the world go by that I reminded him of them............:smile:

Please never forget my favourite.............

8 Muppet GIFs That Accurately Depict Our Excitement About the New ABC  Muppet Series | Oh My Disney | Muppets, Gif, Funny gif

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5 hours ago, RotBenz8888 said:

Thailand's economy is expected to return to normal levels within two years 

I think they missed a zero off more like 20 years .

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5 hours ago, spidermike007 said:

More hubris and arrogance, from men who know very little, but pretend to have the answers. How do you predict to recovery from an event that has never happened in history? The deliberate economic shutdown of nearly an entire economy.

 

Millions will remain out of work, possibly for years to come. And they are assuming when they finally do open up, the tourists will come flooding in. The old TCU (Thailand is the center of the universe) mentality. Not so. The longer they wait, the harder it will be to get them back. 20 million at most, during our lifetimes. If they are fortunate. That means thousands of hotels will go under. It will have a minor effect on some very wealthy people. But, who will carry the burden of most of this? The common man.


Foreigners who overstay their permission to remain in Thailand face fines and even possible jail. The authorities should be begging the tourists to stay. Free, unlimited visas, 10,000 baht hotel vouchers, and free meals. An immigration officer will come to your hotel to renew your visa, to show our appreciation, of your continued support. Half price air tickets for domestic travel. Princely treatment. Thank you so much for helping to rescue our economy and our people. Instead, what do they get? Threats of jail time. Beyond Inane. Are these nitwits even capable of learning and evolving? It would appear not. A truly regressive administration.
 
The Thai army. Moving Thailand backwards, and inflicting untold pain on it's people. 
 

This might be construed as normal. 

As in: same as it ever was.

 

Unless.....there is some sort of event that disrupt the tradition. 

Nah...

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I have noticed the Hotels have adjusted there price high season, is this for the influx of foreign tourists that will be happening.

 

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5 hours ago, spidermike007 said:

Foreigners who overstay their permission to remain in Thailand face fines and even possible jail. The authorities should be begging the tourists to stay. Free, unlimited visas, 10,000 baht hotel vouchers, and free meals. An immigration officer will come to your hotel to renew your visa, to show our appreciation, of your continued support. Half price air tickets for domestic travel. Princely treatment. Thank you so much for helping to rescue our economy and our people. Instead, what do they get? Threats of jail time. Beyond Inane. Are these nitwits even capable of learning and evolving? It would appear not. A truly regressive administration.

Their xenophobia literally blinds their ability to make sound economic decisions.  The tourists are here, long stay expats are here, they don't need to be screened for Covid, and long as they are here they contribute to the economy.  All Thailand can see is get the dirty foreigners out of the country and replace them with a handful of "well-heeled", wealthy tourists.  Talk about living in a constant state of denial as well as cognitive dissonance.  I think it was said that approximately 150,000 tourists remained in the country according to one of the last articles I read about immigration plan to 'deal with' overstays.  So, there are 150K chances to promote good-will in a troubled time among their 'guests.'  But instead they are going to go full medieval and in the process alienate a lot of otherwise good people who simply got stuck in an unfortunate situation. And as anyone who has ever worked within customer service knows, when you leave a customer with a bad impression, they in turn tell scores of 'potential' customers about their experience.  If Thailand handles this like a claw-hammer looking for nails to either pound or pull, then they'll probably succeed in decimating future tourism when those with bad experiences return home. 

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