Over 3.3 million workers in Thailand affected by COVID-19

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Thailand’s economy is expected to shrink by at least 5 percent in 2020 and taking more than two years to return to pre-COVID-19 GDP output levels.
Thailand’s economy is expected to shrink by at least 5 percent in 2020 and taking more than two years to return to pre-COVID-19 GDP output levels.

Over 3.3 million workers in Thailand have been affected by the COVID-19 pandemic, says the Federation of Thai Industries (FTI).


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FTI Chairman Supant Mongkholsuthree said on Thursday that as much as 3.3 million of the Thai workforce could lose jobs or income from the coronavirus pandemic.

Federation of Thai Industries (FTI) Chairman,Supant Mongkholsuthree.
Federation of Thai Industries (FTI) Chairman,Supant Mongkholsuthree.

Of the current 37.3 million in the workforce, 47 percent in the service sector and 23 percent in the industry sector were hardest hit by the pandemic, he said.

Employees of businesses related to tourism and services were at risk of losing their jobs, said Supant.

Thailand’s economy is expected to shrink by at least 5 percent in 2020 and taking more than two years to return to pre-COVID-19 GDP output levels, according to a World Bank report released earlier this month.

The FTI has recommended additional measures aimed at improving liquidity of businesses and increasing financial assistance to employees.

FTI Vice Chairman Suchart Chantaranakarat said a key challenge was wage-subsidies for individuals in the most vulnerable sectors. (TNA)