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The ‘Prime Minister’ admits that the Thai economy may be affected by Covid-19 More than expected for 3 months, which may affect the duration of 6 to 9 months, tipping measures forward to facilitate the second phase. Guru noted GDP for 1 – 2/63 quarter, negative in a technical recession. As Goldman Sachs-Morgan Stalley, looking at itself, begins to see signs of global economic recovery. But he still fears the second round of David’s outbreak
*** The prime minister pointed out that the economy may decrease for 6 to 9 months.
General Prayut Chan-o-cha, Prime Minister and Minister of Defense Revealed after the Cabinet (Cabinet) meeting, states that the economic situation is now expected to be affected for more than 3 months, which may be affected by the economy for another 6 to 9 months, so you must prepare measures to support In the next opportunity As for today’s cabinet meeting, he emphasized the New Normal (new standard) of people’s lives. Paying attention to health.
Anyway, from the wiring found with the business sector In the past, it took a holiday to inspect the area. And thanks to the vice president Many ministers working together, the private sector, 20 people sent a letter before. Now all responses are complete. And receive full cooperation. Including specification of work plans Employee care Including guidelines for cooperation with the state
*** With the objective of advancing the Phase 2 mitigation measures
Regarding relief measures in the last 2 days, there are still many things that need to be improved in both the private and public sectors. Operators who are open to the service must have appropriate and continuous measures. Including the need to meet public health standards
For mitigation measures, phase 2 will consider relief more. But it is important that large numbers of people go to large places such as shopping malls. You need to determine the number of people entering and gradually spending time on the premises for no more than 2 hours, etc.
“The swarm of alcohol purchases. I apologize and have already given instructions that after this there must be clear measures to buy alcoholic beverages.” With each purchase quantity Open as scheduled Failure to comply is considered a violation of government measures. And if the measures are not yet followed, they will be closed Request appropriate measures as well, “said General Prayut
*** April Business Sentiment Index A record low. The next 3 months have decreased
The Bank of Thailand (BOT) news revealed that from the business confidence index survey in April 63. It found that it fell to just 32.6 the previous month from 42.6, considered the lowest since the start of the survey in 1999 with all components of the index It is below the level of 50 and is a decrease in all areas.
This is the result of the Covid-19 situation. It had a large and severe impact. Making entrepreneurs in the manufacturing sector have confidence in the production of orders and profits are very low. Especially the group that produces machinery and equipment. Including automotive production groups While confidence in non-manufacturing sectors such as retail chains, hotels and restaurants decreases AND the logistics group Due to the reduction of economic activities to control the outbreak
In addition, over the next 3 months, the index decreased from the previous month to 37.8, which is close to the lowest level during the 2008 global financial crisis at 37.1 due to concerns about the likely situation of Covid-19. Prolonged and severe, with a decrease in the index in both the manufacturing and non-manufacturing sectors.
*** Guru looks at the economy in a technical recession.
Mr. Terdsak Thawee Theeratham, Deputy Managing Director of Research, Asia Plus Securities Company Limited, said the Thai GDP announcement in 1Q206 on May 18 is expected to see negative figures for the quarter. First for the first time AND there is still a high chance that the second quarter of GDP will continue to be negative due to the effects of the Covid-19 virus outbreak. What has a significant impact in April – May 63 and should continue to affect in June 63 Despite the relaxation measures But still cannot return to normal
If Thailand announces negative GDP numbers for 1Q2011 and negative numbers for 2Q2013, then in 2Q2011 Thailand will enter a technical recession.
However, looking at the positive factors that will help revitalize the Thai economy. The move is to inject money to stimulate the 1.1 trillion baht economy into the Royal Sector and another 90 trillion baht into the financial system through soft loans, funds, capital markets, bond markets, etc. . It is expected to help boost GDP to recover well. Top But looking at the overall picture of the year is still negative
*** Begins to see signs of recovery in the world economy But the dreaded Calid-19 plague in the second round
Bloomberg News reported that economists at Goldman Sachs and Morgan Stanley say they are beginning to see signs of recovery in the global economy. Afterwards, the economies of many countries in the world have been drastically reduced by the effects of the Covid-19 virus. Developed economies are estimated to contract on average up to 32% in the first quarter of this year. Before expanding again by 16% in the second quarter and growing to 13% in the fourth quarter.
Goldman Sachs, Jan Hatzius, chief economist, said that global economic expansion is the result of many countries beginning to ease blockade measures and open economic spaces. To stimulate the country’s economy to slow down the effects of the Kovid-19 virus, while Chetan Ahya, chief economist at Morgan Stanley, said the global economy is currently at its lowest level. But we have seen signs of recovery in the European and US economies in April. However, the global economy still faces the greatest risk: the return of the Covid-19 virus outbreak. During the economic recovery due to the relaxation of the blocking measures AND social space
