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Post by account_disabled on Dec 26, 2023 1:55:25 GMT -5
Krung Thai Bank Research Center Assessing the effects of COVID-19 As a result, the Thai economy this year shrank by 8.8%, with income from foreign tourists lost by more than 1.57 trillion baht, indicating that New Normal has created a counter trend to globalization. World trade volume may shrink by 10-30%. Businesses related to exports and domestic consumption. which accounts for 37% of the value of sales in the Thai industry. will face severe C Level Executive List challenges, revealing that CEOs around the world believe the economy will return slowly in a U Shape style, suggesting that businesses will survive must find opportunities from government spending, health trends, and the use of digital technology. Dr. Pacharapoj Nantharamas, Senior Director, Krungthai COMPASS Research Center, Krung Thai Bank It is estimated that the Thai economy in 2020 will shrink by 8.8% and if COVID-19 The outbreak has returned in a second wave, causing the city to be closed again. It is expected that GDP will contract as much as 12% in the first 5 months. Global economies including Thailand's have contracted sharply due to social distancing measures and city lockdowns. The number of tourists entering Thailand decreased by 60% and housing reservations decreased from 36% in the same period last year to only 14%. COVID-19 has also caused the economic structure to change to the New Normal and the results of the CEO survey from companies around the world Many agree that the economy will slowly return to a U Shape as more economic activity resumes.
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