15 May 2020 Thai Economy April KR-ECI Remains at Low Level as Debt Moratoriums Only Helps Ease Financial Burden Somewhat while Income and Savings Indicators Worsen คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The KR-ECI came in at 35.1 in April, which was relatively low compared to the reading of 43.5 recorded during the same period last year. The April KR-ECI, however, improved over that seen in March due chiefly to the decreased debt burden of households because an increasing number of them had been granted debt moratoriums by commercial banks. Their expenditures (excluding debt) also declined from the previous month, partly because households had accelerated spending on essential consumer goods in March 2020. The work-from-home measure introduced by most organizations with the aim of maintaining social distancing caused their health-related expenditures to decline, as well. Some households tightened their spending even further due to concerns over future economic conditions and their own cost of living. This was consistent with the 3-month Expected KR-ECI, which remained lower than the KR-ECI in April 2020.The KR-ECI for April 2020, however, could not reflect whether economic conditions and cost of living of Thai households had passed their worst because the income and savings indicators continued to worsen, while the spending and debt indicators improved, thanks chiefly to the government measures. As a result, close attention must be paid to the cost of living of Thai households, going forward, in particular issues related to income and employment. KResearch views that economic conditions and the cost of living of Thai households will experience increased risks during 3Q20. Despite a substantial decline in the number of COVID-19 infections in Thailand and the fact that the government has gradually eased some lockdown measures, it will take some time for the economy to recover and business sector to adjust towards social distancing amid persistent structural problems seen in the Thai economy. View full article Login / Register Or Enter the code from the poll Annotation This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow. Thai Economy Related Analysis View all 12 Mar 2018 Thai Economy Households are Cautious about Spending in 1Q18 According to a survey on household economic conditions for February, views of Thai households across the country toward economic conditions and the cost of living over the next three months remained unchanged. This is reflected in the 3-month Expected KR-ECI that was static at 47.1 in February. Households still had positive views toward income and employment, given the daily minimum wage rise slated for April 2018, while prices of some key agricultural produce, namely “Hom Mali” rice and cassava, have begun to increase. However, households were concerned about growing debt.... Read more 0 KB 0 KB 19 Feb 2018 Thai Economy Thai economy continues to grow in 2018 Growth of 4.0% is expected (Business Brief No.3727) The Thai economy in 4Q17 was buoyed by high growth in exports and tourism, while household consumption started to improve compared to... Read more 0 KB 0 KB 9 Feb 2018 Thai Economy Official launch of EEC: Key to Thailand’s Economic Development (Current Issue No. 2899 Full Ed.) The National Legislative Assembly (NLA) has approved the Eastern Economic Corridor (EEC) bill which is expected to boost investor confidence in large-scale, long-term investments by providing private investors additional incentives, namely non-tax privileges and a speedier process for licensing, in addition to the government's efforts to promote EEC investment through infrastructure projects and tax incentives. ... Read more 0 KB 0 KB 22 Jan 2018 Thai Economy Thai Household Debt May Fall to 77-78% of GDP in 2018 (Current Issue No. 2896) In 3Q17, Thailand's household debt fell from 78.4 percent of GDP – as recorded in 2Q17 – to 78.3 percent of GDP, which could be the res... Read more 0 KB 0 KB 18 Jan 2018 Thai Economy Economy Likely Unfazed by THB5-22 Daily Minimum Wage Hikes Nationwide (Business Brief No.3722 Full Ed.) The National Wage Committee recently agreed to raise the daily minimum wage to THB315.97, on average, or a range of THB308-330 across the... Read more 0 KB 0 KB 12 Jan 2018 Thai Economy Household sentiment toward economy continues to improve for 3 straight months, sending positive signal for private consumption in 1Q18 ... Read more 0 KB 0 KB View all