The “Chamber of Commerce” expects COVID-19 to cause the lowest New Year purchases in 10 years



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There is only less than a week left to enter the New Year. But this new year, the Center for Economic and Business Forecasting University of the Chamber of Commerce of Thailand The value of purchases is estimated to be the lowest in 10 years, as COVID-19 causes people to reduce travel and spending. Supporting the government is not blocked across the country.

Today (December 25, 2020) Center for Economic and Business Forecasting University of the Chamber of Commerce of Thailand The survey on consumer spending behavior during the New Year 2021 from a survey of 1,223 samples between December 14 and 23 found that buying behavior during this New Years season was the lowest in 10 years. It was 91.467 million baht, down 33.6 percent and it was the first year with a spending amount of less than 100 billion baht.

People don’t want to leave home. Less socialization, less merit, less overhead. Therefore, the adjustment decreased by 33.6% compared to the previous year and approximately 91.5 billion baht. Caused by people who do not dare to travel or do not want to travel.

Assistant Professor Thanawat Phonvichai, president of the University of Thailand Chamber of Commerce, said the public was concerned about the economy and the COVID-19 epidemic, with 57.5 percent saying they were staying longer in home and 71 percent had no plans to travel over the New Year. Regarding spending on charity, it decreased, especially in tourism. This year’s spending was 9,876 baht per person, a decrease from the previous year of 15,615 baht per person.

In the event that the government does not use a blockade measure at the national level, but instead divides the area and allows each province to consider the appropriate measures. The University of Thailand Chamber of Commerce supports this approach. Because it will reduce the economic impact That the loss can be up to 7 billion baht per day. Or damage roughly 200 billion baht per month

Since the country’s economy is currently fragile, it has not recovered if there is a new lockdown, causing many people to lose their jobs. And it will make next year’s economy recover more slowly than expected. With the view that it should be closed in a dangerous point like Samut Sakhon province And in some areas of other provinces Which, if you include the impact on the general economy of 3-6 billion baht

The president of the University of Thailand Chamber of Commerce The government also suggested that the government continue to stimulate the economy until the economy recovers, such as the expansion of the program for each half of the third phase, what people want to do the government in 2021 is to prevent the COVID-19 epidemic, political stability and care. Reasonable cost of living



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