Trade & Investment Committee: Covid-19 impact on the Thai economy, thriving in the new normal?
Probably the most significant event we have seen in decades in terms of its global impact, covid-19 has unprecedentedly upended the way we live, work, and play. This year world trade is expected to fall by between 13% and 32% as the pandemic disrupts normal economic activities and supply chains around the globe. Credit markets are still in disarray, stock markets have plummeted, and many companies are still grappling with the economic damage. The rapidly intensifying economic effects of covid-19 are proving to be far worse than the 2008-9 financial crisis and could potentially cause an equivalent of 195 million job losses globally. At the same time, new trends and technologies have emerged strongly out of this, including the accelerating rise of e-commerce and innovative outsourcing practices.
How has Thailand been preparing for this? What risks are involved from economic, trade and investment perspectives? How is the Royal Thai Government balancing its efforts to address upfront economic shortfalls with long-term economic reform plans? Are businesses well-positioned to cope or even capitalize on these trends to come out stronger than yesterday? Are any sectors or industries at more risk (or better positioned) than others? And most importantly, is there a silver lining in all this?
Join us at the Trade & Investment Committee forum to learn more from our distinguished speaker Dr. Amonthep Chawla, Head, Research Office, CIMB Thai Bank Public Company Limited, as he shares with us insights into the covid-19 impact on the Thai economy and outlook and discuss the pandemic’s implications to Thailand’s trade and investment dynamics. Take part in the conversation on what business leaders should be prepared for to adapt and lead their business strategies through opportunities and uncertainties during this time of unprecedented challenge.
3.00 pm Introduction
3.10 pm Presentation (20-25 mins)
3.30 pm Q&A
4.00 pm Close