The lowest point and the beginning of the restart of the Thai economy.
The lowest point and the beginning of the restart of the Thai economy.
Due to the impact of the spread of the COVID-19 virus in 2020, Thailand's economic growth was negative 6.1%, then slowly expanded in the first half of 2021, expanding to 2.4% before shrinking again. In the new outbreak of the third quarter of 2021
However, it has been assessed from The Office of the National Economic and Social Development Council (NESDB) said that the Thai economy in 2021 will recover slowly, with growth expected in the range of 0.7%-1.2%, supported by economic recovery and volume. world trade, investment, expenditure, continuous improvement in agricultural income expansion of the export sector, private spending and investment, with the signs of a restart of the Thai economy becoming clearer It can be assessed from the supporting environmental factors as follows:
- Distribution of vaccines in provinces with large economies
- Relaxation of domestic control measures
- opening the country to foreign tourists
from moving forward with vaccination and opening up the country As a result, we began to see various signs indicating that the Thai economy began to recover and began to restart continuously until the end of 2021 and is expected to continue until 2022 through the following signs:
- Consumer Confidence Index (CCI) in September 2021 rose for the first time in seven months at 41.4 points.
- The amount of traffic walking in department stores of the public (Information from Central Department Store) that has increased to 70-80% and has a chance to reach 80-90% in the last two months of 2021.
- Average daily traffic volume on expressways (data from BEM) As of the latest data for September 2021, motorway traffic has returned to pre-COVID-19 levels. Delta species from June 2021
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