MPC raises alarm on headwinds - News Summed Up

MPC raises alarm on headwinds


A shopping mall in Bangkok's central business district remains temporarily closed due to the latest Covid-19 outbreak in the capital. The labour market is becoming more fragile, particularly the service sector and the self-employed, as both experienced income losses. During the pandemic roughly 1.6 million unemployed people have returned to their hometowns, he said. Most have shifted from the service sector to agriculture, earning a lower income. The MPC recently assessed the economy was projected to expand by 0.7% and 3.7% in 2021 and 2022, respectively.


Source: Bangkok Post August 19, 2021 00:00 UTC



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