COVID is brackish this year’s Chinese New Year. Low energy spending, lowest in 13 years
Date 08 Feb 2021 Time 13:18
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Chinese New Year this year, only 46.9 billion baht has spread, a decrease of 21.85% due to a new round of COVID. As a result to delay spending Reduce travel
Ms. Saowanee Thairungroj, Advisor to the Economic and Business Research Center University of the Thai Chamber of Commerce Revealing the results of the survey on the behavior and spending of people during the 2021 Chinese New Year that in general, this year’s Lunar New Year festival is not so busy due to factors from the epidemic of new and old covid rounds. Including the economic slowdown As a result, people of Thai-Chinese descent Slow down spending This year, spending only 44,939 million baht, down 21.85% to the lowest rate in 13 years since the survey.
Most people are still concerned about the COVID situation. Causing the spending behavior to change You can see that the service has started online trading. More delivery style Less travel, less travel And it was found that the money received through government programs was used to spend during the Lunar New Year to buy offerings.
Mr. Thanawat Phonvichai, President of the University of the Thai Chamber of Commerce and Chairman of the Advisory Center for Economic and Business Forecasting, University of the Thai Chamber of Commerce, said that this year’s Chinese New Year Festival Probably won’t be very busy And considered the lowest in 13 years due to concerns over COVID-19. That still can not travel much In addition, people are still careful about their shopping. Therefore making spending not much to buy offerings during the Chinese New Year
However, spending a decrease of 21.85% or a loss of 1.2 billion baht has not affected the Thai economy. Since there is still money injected through several government projects such as the Thai Win Project and the We Love One Project. Including half of the projects that will have a total sum of more than 330,000 million baht that will inject into the system further. Therefore, it is believed that the Thai economy will be able to return positively towards the end of the second quarter of this year ’64.
“Chinese New Year this year is called brackish Not bustling, spending has dropped in 13 years, both because of COVID Bad economy, lower incomes lead to unnecessary spending slowing down. Which will affect every festival While choosing to buy offerings This year, people will buy more eggs. And reduce the proportion of purchases of other types of pork, duck and chicken decreased, “Thanawat said
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