11 May 2021 Thai Economy April KR-ECI Declined as the Latest Wave of COVID-19 Dealt a Blow to Household Purchasing Power while Relief Measures Were Yet to be Implemented คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star The latest wave of COVID-19, which began in April, caused the April KR-ECI to plunge to 37.0 from the 40.4 reported in March. Household purchasing power was significantly weakened by the severe impact of COVID-19 while relief measures were yet to be implemented amid surging energy costs. All KR-ECI components declined, in particular on income and employment, plus household expenses (excluding debt). Increased concerns over such matters were consistent with the Consumer Price Index that hit a record high in eight years. Such concerns could further undermine household purchasing power over the near term.The 3-month Expected KR-ECI also slipped to 39.4 in April from the 41.5 recorded in March in line with KResearch's view that future economic and household living conditions will be confronted with numerous risks. The overall labor market has yet to recover, particularly in the tourism sector. Therefore, household purchasing power may significantly be threatened by further declines in income. The financial health of households is set to weaken gradually from the previous wave of COVID-19. The government's relief measures may help alleviate the impact of COVID-19 on households and the business sector to a certain extent as sizes of existing relief measures are smaller than those implemented during the first wave of COVID-19 (April-May 2020). Aside from accelerated efforts in vaccine procurement and inoculations, as well as relief measures approved by the Cabinet on May 5, 2021, new assistance measures for households and the business sector may be needed in the future. 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