Virus surge kills chance of early economic recovery for Thailand

13 Sept 08:44 Key points summarised by AI

Thai economic recovery is significantly delayed, with major research houses drastically cutting 2021 growth forecasts due to the persistent COVID-19 surge and prolonged restrictions.
Private consumption and investment are severely impacted by job losses and business closures, while the critical tourism sector faces continued collapse from international travel restrictions.
Analysts predict Thailand's economy will not return to pre-COVID-19 levels until early 2023, as current growth projections for 2021-2022 fail to offset the sharp 2020 contraction.
Despite some export resilience, the sector faces risks from domestic factory outbreaks, global supply chain issues, and reduced demand from neighboring ASEAN countries.

New home loan scheme aims to boost property sector with Bt125 billion

20 Oct 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.