Economic Situation of the EEC Quarter 1/21


The EEC economy in the first quarter contracted at 2.6%

Due to the impact of the second wave of the Covid-19 situation in the tourism sector and the industrial sector that continues to shrink in line with the power generation industry

While the agricultural sector continued to expand in line with the increase in fruit and cassava yields.

For the EEC economic outlook in the future expect to see the number of tourists gradually increase somewhat during the period.

At the end of the year, if Thailand can vaccinate against COVID-19 enough for the population. The major tourist attractions in Chonburi, such as Pattaya, will benefit as it is one of the pilot provinces that will accept tourists.

The Thai economy forecast for 2021 and 2022 is revised at 1.7% and 4.1%, with the EEC economy expanding at 3.4% and 4.9%, respectively

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