The Thai economy is likely to gradually recover

The EEC is supporting the real estate market, which is starting to bustle again. Bangna is the place to keep a lookout for. Follow good news, and keep an eye out for special prices here with us. 

The Thai economy is likely to gradually recover, according to the MPC’s assessment, as they maintain the policy rate at 0.50% per annum due to the easing of the COVID-19 pandemic control measures in Thailand, and the gradual recovery of global economic activities. There is also the risk of a second outbreak. Inflation rate is likely to be negative this year, but is likely to return back to the target frame within 2021. As estimated, the stability of the financial system is fragile, in line with current economic conditions. The Monetary Policy Committee (MPC) stated that the policy eased from the beginning of 2020, the government’s fiscal measure, including additional financial and credit measures help mitigate the effects that occur and will support the economic recovery after the pandemic, helping the inflation back to its target, and reduce the risk of financial system instability.

The MPC therefore agreed that the policy interest rate should be maintained. And that financial institutions should be urged to accelerate debt restructuring, both household and business debt, for a more general effect. And expedite the granting of credit through various projects in order to solve liquidity problems in a timely and timely manner As for the real estate sector, it will continue to be affected by the EEC “Eastern Economic Corridor Development Project” (Thailand’s Economic Growth and Infrastructure Plans) the real estate market is back to bustle again, many developers have started to occupy the location. Especially in the new Bangna-Krungthep Kreetha-Ramindra area Which is a gateway to the EEC, including a location on the train extension line Near the expressway, which can travel into the city easily To develop new projects to support Real Demand and investors.