webfact Posted April 20, 2021 Share Posted April 20, 2021 By Subhabhong Rarueysong BANGKOK (NNT) - The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has said that Thailand can expect a drop in GDP of 0.5% to 1% if the government is able to control the new Covid-19 wave by April or May. Federation of Thai Industries (FTI) vice-chairman Kriengkrai Thiennukul said the third wave will certainly have a strong impact as many businesses cannot operate normally while people who have been told to work from home are worried about spending. He urged the government to speed up Covid-19 vaccine distribution as well as introduce new measures to boost the economy, and the FTI expects to see the government roll out vaccines to a number of people during the third quarter and cover 70% of the Thai population to achieve herd immunity. According to the FTI, success in solving slow vaccination progress will be a key part of economic restoration and it will allow Thailand to fully resume business activities and build confidence among foreign tourists. Many small and medium-sized enterprises with limited budgets also need help as they have been hit hard by the pandemic. -- © Copyright NNT 2021-04-21 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
RichardColeman Posted April 20, 2021 Share Posted April 20, 2021 11 minutes ago, webfact said: The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has said that Thailand can expect a drop in GDP of 0.5% to 1% if the government is able to control the new Covid-19 wave by April or May. And -2% best if Thailand not fully open by Christmas. 12 minutes ago, webfact said: and the FTI expects to see the government roll out vaccines to a number of people during the third quarter and cover 70% of the Thai population to achieve herd immunity. Not until 2022/23 with the vaccine roll out currently, which could mean 0% next year too Link to comment Share on other sites More sharing options...
Brierley Posted April 20, 2021 Share Posted April 20, 2021 0% growth, is that really that bad, under the circumstances, I think that's pretty good. Link to comment Share on other sites More sharing options...
Popular Post pegman Posted April 20, 2021 Popular Post Share Posted April 20, 2021 The Thai economy was in a shambles before the COVID. With this government's track record the forecast is wildly optimistic 4 Link to comment Share on other sites More sharing options...
trainman34014 Posted April 21, 2021 Share Posted April 21, 2021 Could be 0.05% or below in reality. Link to comment Share on other sites More sharing options...
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