The National Bank estimates 4.7 million red-zone workers hit the new round of COVID-19, while the overall economy is not as severe as the first epidemic.
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Ms. Chayawadee Chai-anan, Senior Director Macroeconomic Department Bank of Thailand (BOT) revealed that the situation of the new coronavirus outbreak in Thailand. Areas under the strict control measures 28 provinces covering more than half of the country’s economic activity share will be most affected, especially as a result. Labor impact It is expected that labor groups in the red areas have strict control measures. About 4.7 million people are at risk of impact, with the vast majority of them employed by day workers and self-employed. To have less working hours and much lower incomes
The latest COVID-19 situation update 15 Jan 2021
While the business sector will have more fragile segments from lower incomes during this period. Especially business groups in the service sector Including some groups that already have a weak financial position, such as businesses in the tourism sector. Will be affected by this new outbreak more.
Overall, although spread more widely and faster than the first outbreak, the severity of the disease was less. The availability of public health is more. In addition, the development of vaccines and vaccination plans in Thailand are becoming clearer. The BOT forecasts the impact of a new coronavirus outbreak on economic activity will not be as severe as the first wave. This was reflected in the lower economic activity. In addition, the government sector has less stringent measures to control the outbreak. And the export sector that continues to expand in line with trading partners’ economies
In the future, the economic outlook is uncertain.
Therefore, timely assistance to businesses and labor force is urgently needed. And the emphasis must be placed on reaching the most thorough and targeted groups. In this regard, the government sector has gradually issued assistance measures, including the BOT that has issued measures to aid debtors in order to mitigate the impact of the situation.
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