Open 9 economic risk issues in the year ’21
February 16, 2021 at 3:51 PM.
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NESDB warns 9 economic risks in the year ’21 to keep COVID safe Politics must be silent Accelerate the recovery of tourism businesses
Mr. Danucha Pichayanun, secretary-general of the Office of the National Economic and Social Development Council (NESDB) or NESDB revealed that the Thai economy in 2020 grew negative 6.1% and in 2021 expected the Thai economy to expand 2.5-3.5%. Or the median value of 3%, less than the original forecast that is expected to expand 3.5-4.5%
Mr Danucha said the Thai economy in 2021 still has risk factors and uncertainty about the COVID-19 epidemic. The tourism sector recovered slowly. Household and business debt problems, drought, and the volatility of the global economy and financial system. Under such conditions The administration of macroeconomic policy in 2021 should focus on nine key points as follows:
1. Control the spread of COVID-19 in the country by implementing ongoing control measures. Along with vaccination that is comprehensive and sufficient to build a group immunity in a short time. And urgently restore economic activities in the major tourist areas
2. Maintaining the political climate in the country In order not to affect the aggravation of economic problems and hinder the confidence atmosphere. This will impact the recovery and fragile economic growth amid the uncertainty of the COVID-19 pandemic.
3. To take care of the constrained economy in recovery. Especially in the tourism and related services sector where the recovery is still limited. From international travel control measures Including considering measures to assist small and medium-sized businesses that still face additional liquidity problems and burden
4. Maintaining the driving force of economic growth from public spending and investment. By expediting budget disbursement in 2021, disbursement of annual budget Disbursement of state enterprise investment funds Accelerating the project according to the Royal Decree of 1 trillion baht loan
5. Driving Exports To generate income from abroad and support the recovery of the manufacturing sector and private investment.
6. Promotion of private investment By expediting entrepreneurs who have been approved and issued investment promotion certificates in the years 2018 – 2020 to make real investments
7. Prepare for exposure to foreign tourists so that the tourism and related service sector can recover as soon as there is a widespread distribution of vaccines in the country and abroad that are the main tourist destinations; and Sufficient to ensure the safety of international travel
8. Prepare measures to cope with the risk of drought and taking care of farmers’ income.
9. Monitoring and preparation for risk management from the fluctuation of the global economic and financial system, which is still highly likely and may affect the Thai economy, along with the focus on monitoring Economic stability
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