Covid 3 lost 8 hundred thousand baht. - Fighting to recover the river.

general news clip

June 13, 2021 – 12:49

Covid 3 lost 8 hundred thousand baht. – Fighting to recover the river.

Covid-19 has hit Thailand for a long time. From March 2020 until now, there are 3 big waves, each time the impact on the economy is different. Dealing with crises is different.

Most recently, Mr. Thanawat Phonwichai, President of the University of the Thai Chamber of Commerce and President of the Center for Economic and Business Forecasting Has assessed the overall damage caused by COVID-19, found that this third wave is probably the most painful. because it’s like being repeated the same wound Affects the country’s economy to penetrate deeply. from the lack of public income purchasing power decreases resulting in increased household debt The business sector lacked liquidity and had to close the business. As a result, the country’s economy was negative by 2.6 percent in the first quarter, more than the expected number. Because of Covid-19 in the 1st round, it caused the money in the economy to disappear 2-3 hundred billion baht from dealing with the country’s lockdown order, closing the business, prohibiting travel. everything stopped while the government has issued fiscal measures to stimulate the economy Making money circulating in the system 300 billion baht. Look at this number, just enough to compensate for the damage from Covid-19 in the first round only.

But Thailand is still facing the second wave of COVID-19, which is starting to affect employment in the country. Some businesses are still unable to open. Assess the impact that will occur in this second wave, not less than 3-5 hundred billion baht. The situation has not yet been resolved. Thailand has encountered the third wave again. Countermeasures have not yet moved forward. The number of infections in the country has skyrocketed. Problems plaguing both the economy and society Assessed that under the conditions In July, the distribution of vaccines did more. The damage to the economy as a whole will be 5-8 hundred billion baht.

The damage is clearly visible. and may be higher if Thailand’s vaccine distribution is slow Economic activity cannot go forward. There would be only collapse and collapse. The latest hope remains with government aid measures. both stimulate consumption and restore the economy But will it be enough for the business sector’s breath?

Private sector by a joint committee of 3 private sector institutions or CCP came out to reflect on the government. that the measures to stimulate purchasing power in the country at this time are too slow and too few, especially the half-person projects which in the past It has proven to be a project that generates money circulating in the economy and has access to helping people to increase their purchasing power in a tangible way. Can actually distribute income to small entrepreneurs But half of the measures, phase 3 that the government has issued, see that the amount of aid is too little and too late. because the project started in July and is also divided into 2 rounds during the 3rd quarter, 1,500 baht each and the 4th quarter, another 1,500 baht may not be able to help support and revive the economy during the 3rd quarter because it has been calculated that the money from the project will be at 140 billion baht from 4 projects which has been considered by the Cabinet, the whole project is half a person, phase 3, the amount of 93 billion baht, the more you can use, the more you can get 28,000 million baht. Top up the state welfare card 16.4 billion baht and top up the fragile group another 3,000 million baht.

Take a quick look at the lost money and the added money. It may not be enough to deal with the damage caused. The only way to survive is to speed up vaccination for people in the country. cause group immunity At that time the economy will heal itself. The government does not have to spend a lot of money to increase the public debt of the country even higher.