9 Jul 2021 Thai Economy Fragile employment has affected the spending behavior of households คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The third wave of COVID-19, which emerged in early April, has yet been brought under control as the number of daily infections remains at an elevated level. The prolonged pandemic caused the KR-ECI to slip to 36.7 in June 2021, from the 37.3 reported for May and 37.2 recorded in January 2021. The 3-month Expected KR-ECI also dropped to 38.9 in June 2021, against the 39.4 recorded in May, suggesting that households were still concerned about the rising cost of living. Additionally, uncertainties surrounding COVID-19 containment measures caused the June KR-ECI components on income and employment to decline from those reported in the preceding month. (The poll was conducted in late June).Although the survey on employment at various organizations shows that job cuts began to decline in June 2021 as compared to the same period of last year, other factors such as reductions in overtime hours or monthly salaries in lieu of layoffs were more apparent. These are in line with the results of an additional poll conducted by KResearch, which show that most households experienced declining income, which has led them to change their spending behavior. It is expected that the government's relief measures, including the third phase of the co-payment scheme, “The More You Spend, the More You Get"" and additional cash handouts to welfare cardholders, will help sustain household spending somewhat. As economic activity has yet to return to normalcy due to the protracted COVID-19 pandemic, the government's economic stimulus measures remain imperative, and they should be implemented concurrently with effective COVID-19 containment measures. Vaccine procurement and distribution must also be carried out in an efficient manner, as well. 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 KR-ECI 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