Amid a property market slowdown and travel obstacles, developers are adopting digital tools to boost residential sales from local and foreign demand as well as tapping into a new generation of buyers offering sales via cryptocurrency.
Analysts shrug at new scheme
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Rather than revving up consumer spending, the key to fixing the economy is mass vaccination
published : 17 May 2021 at 04:30
9 The Ying Chai Ying Dai scheme targets 4 million shoppers with high purchasing power, aiming to increase consumer spending during the pandemic. (Photo by Pornprom Satrabhaya)
With a slow vaccine rollout, mounting Covid-19 cases and new variants entering the country, Thailand s economic future seems more uncertain than ever.
Multiple times this year Thailand s GDP growth forecast has been lowered by both domestic and international institutions, and could end up being 1%, following a contraction of 6.1% in 2020.
To combat these cratering GDP prognostications, the government unveiled an ambitious new programme to spur consumer spending and nudge upwards economic indicators this year: Ying Chai Ying Dai (the more you spend, the more you get).