Post by account_disabled on Dec 28, 2023 3:49:37 GMT
COVID-19 outbreak situation that has spread around the world, "physical distancing" measures and restrictions on the entry of foreigners into the country It is a key tool used by almost every country to limit the spread of disease. Thailand is currently considered to have had some success in controlling the spread and severity of the disease. This can be seen from the number of new infected people in Thailand that is gradually decreasing. and a low death rate compared to other countries However, the use of the above measures has quite an impact on the economy. As a result, the Thai economy in the first quarter of 2020 shrank by 1.8%, the first contraction since the third quarter of 2014 and the largest contraction since the fourth quarter of 2011, when Thailand experienced major flooding. The most recently announced Industrial Production Index (MPI) for April 2020 was at 79.04, a contraction of 17.21% from the same period last year at 95.47 due to the COVID-19 outbreak affecting the economy.
The world is slowing down Economic activities around the world and Thailand have come to a halt. Continuing, exports of industrial products (excluding gold, military equipment, and aircraft) contracted Email Data because some industrial factories temporarily halted production, such as automobile production capacity remaining at 12.64%, making the overall capacity utilization rate at 51.87%. The lowest in 8 years and 5 months since the major flood crisis of November 2011, compared to the previous month 67.78%. "Suchada Tansap", spokesperson for the Ministry of Industry, stated that she had discussed with the Office of Industrial Economics (OIE) the overall economic and industrial trends for the remainder of 2020. It was found that for the remainder of 2020, it is expected that the Thai economy and industrial sector There is a trend of recovery in the second half of the year. But it must be based on the assumption that there will not be another outbreak of COVID-19. However, the Thai economy for the remainder of 2020 remains highly uncertain.
Because it depends on 1. Severity of the outbreak Relaxation of measures to close places and restrict travel abroad This will have a direct impact on the expansion of the economy and the volume of world trade. 2. Direction of the outbreak situation Implementation of measures to close locations and restrict domestic travel for the remainder of the year. 3. Changing consumer behavior Business model and the intensity of government measures for prevention and control after the severity of the outbreak has decreased, and 4. the readiness of the business sector to Returning to business after the outbreak decreased in severity Due to the severe economic recession, the governments of various countries It is necessary to begin easing closures and travel restrictions as far as possible again. "It is expected that the outbreak situation abroad will gradually decrease in intensity until reaching a level that can bring economic activity behavior to a level close to normal in the third quarter," a Ministry of Industry spokesperson said.
The world is slowing down Economic activities around the world and Thailand have come to a halt. Continuing, exports of industrial products (excluding gold, military equipment, and aircraft) contracted Email Data because some industrial factories temporarily halted production, such as automobile production capacity remaining at 12.64%, making the overall capacity utilization rate at 51.87%. The lowest in 8 years and 5 months since the major flood crisis of November 2011, compared to the previous month 67.78%. "Suchada Tansap", spokesperson for the Ministry of Industry, stated that she had discussed with the Office of Industrial Economics (OIE) the overall economic and industrial trends for the remainder of 2020. It was found that for the remainder of 2020, it is expected that the Thai economy and industrial sector There is a trend of recovery in the second half of the year. But it must be based on the assumption that there will not be another outbreak of COVID-19. However, the Thai economy for the remainder of 2020 remains highly uncertain.
Because it depends on 1. Severity of the outbreak Relaxation of measures to close places and restrict travel abroad This will have a direct impact on the expansion of the economy and the volume of world trade. 2. Direction of the outbreak situation Implementation of measures to close locations and restrict domestic travel for the remainder of the year. 3. Changing consumer behavior Business model and the intensity of government measures for prevention and control after the severity of the outbreak has decreased, and 4. the readiness of the business sector to Returning to business after the outbreak decreased in severity Due to the severe economic recession, the governments of various countries It is necessary to begin easing closures and travel restrictions as far as possible again. "It is expected that the outbreak situation abroad will gradually decrease in intensity until reaching a level that can bring economic activity behavior to a level close to normal in the third quarter," a Ministry of Industry spokesperson said.