Respond Recover Thrive The impact of COVID 19 on the economy

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Respond Recover Thrive The impact of COVID 19 on the economy. Executive summary 03,Current situation 05,Overall economic impact 10. A closer look at five of the world s largest economies 17. A view from Thailand 21,Respond Recover Thrive 29, Respond Recover Thrive The impact of COVID 19 on the economy. The impact of COVID 19 on the economy,Current situation. Although first detected in Wuhan China the COVID 19 outbreak is now truly global in scale on 11 March 2020 it was officially. declared a pandemic by the World Health Organisation WHO. With multiple shifting epicentres the number of confirmed COVID 19 cases outside China exceeded the number of confirmed. cases within China for the first time on 16 March 2020. Overall economic impact, As a result of the COVID 19 outbreak global GDP projections for 2020 have plunged from 3 to 1 8. The global tourism sector is grappling with the most immediate and direct impacts on the back of travel restrictions and flight. cancellations but other sectors such as Automobiles Auto Parts have also been adversely impacted. Nevertheless sectors such as Pharmaceuticals Biotechnology are outperforming. A closer look at five of the world s largest economies. In line with the global economy economic growth is expected to slow down significantly in five of the world s largest economies. China United States European Union United Kingdom and Japan. As China is a major supplier of intermediate goods a domino effect is cascading across the global supply chain. A view from Thailand, Thailand s economy is expected to experience an immediate and direct impact from the COVID 19 outbreak due to its relatively.
higher reliance on the travel and tourism sectors as well as high levels of exports and imports. Thailand is also experiencing supply chain disruptions as a result of factory closures and transportation restrictions This. problem is exacerbated by its high reliance on intermediate goods from other markets hit by the COVID 19 outbreak including. China Japan and South Korea, Respond Recover Thrive The impact of COVID 19 on the economy. Current situation, Respond Recover Thrive The impact of COVID 19 on the economy. Truly global in scale, First detected in Wuhan China the COVID 19 outbreak was officially declared a pandemic by the World Health Organisation WHO on. 11 March 2020,Number of countries with confirmed COVID 19 cases. With no con rmed cases With con rmed cases,Source World Health Organisation.
Respond Recover Thrive The impact of COVID 19 on the economy. Multiple shifting epicentres, The number of confirmed COVID 19 cases outside China exceeded the number of confirmed cases within China for the first time on 16 March 2020. Number of confirmed COVID 19 cases, 19 Jan 26 Jan 2 Feb 9 Feb 16 Feb 23 Feb 1 Mar 8 Mar 15 Mar 22 Mar. Outside China Within China,Source World Health Organisation. Respond Recover Thrive The impact of COVID 19 on the economy. Multiple shifting epicentres, As of 16 March 2020 newly confirmed COVID 19 cases mostly concentrated in Italy Iran Spain Germany and France. Number of confirmed COVID 19 cases on 16 March,396 315 251 176 170 159.
Italy Iran Spain Germany France Switzerland Belgium Malaysia United Netherlands Norway Austria. Source World Health Organisation, Respond Recover Thrive The impact of COVID 19 on the economy. Understanding case fatality rates, Although COVID 19 has a lower case fatality rate than other outbreaks it can vary significantly depending on access to treatment. Case fatality rate comparison across outbreaks Worldwide case fatality rate for COVID 19. Smallpox 30 3 0,SARS 10 2 5,COVID 19 3,Seasonal Flu 0 1. 26 Jan 9 Feb 23 Feb 8 Mar 22 Mar,Source Bloomberg World Health Organisation. Respond Recover Thrive The impact of COVID 19 on the economy. Overall economic impact, Respond Recover Thrive The impact of COVID 19 on the economy.
Gross Domestic Product GDP takes a hit, As a result of the COVID 19 outbreak Global GDP projections have been revised downwards from 3 to 1 8. Projected global GDP growth rate in 2020, 3 0 Economic growth rates in China and other major. economies have slowed down in the backdrop,of the WHO declaration of COVID 19 as a global. The stimulus effect of government policies is,likely to be weakened during the early phases of. the COVID 19 outbreak as the focus will be on,containment.
Asset prices are likely to continue to decline,despite the lowering of interest rates in many. 2019 2020F 2020F,Before COVID 19 After COVID 19,outbreak outbreak. Source Siam Commercial Bank Economic Intelligence Centre. Respond Recover Thrive The impact of COVID 19 on the economy. Stock markets tumble, Since the beginning of 2020 stocks have plunged by around 30 as fears of COVID 19 s impacts rock markets worldwide. Stock market indexes as of 18 March 2020, Across the globe markets went into shock as fears about the COVID 19 outbreak were compounded by news of an oil price war between Saudi Arabia and Russia. FTSE 100 S P 500 Nikkei 225,8 000 3 800 25 000,3 600 24 000.
7 000 22 000,6 500 3 000,33 26 20 000 29,6 000 19 000. 2 400 17 000,5 000 2 200 16 000, 1 Jan 1 Feb 1 Mar 1 Apr 1 Jan 1 Feb 1 Mar 1 Apr 1 Jan 1 Feb 1 Mar 1 Apr. Source ShareCast, Respond Recover Thrive The impact of COVID 19 on the economy. Worldwide factory production experiences steepest plunge since April 2009. Companies have reported falling demand and reduced supply of inputs. Global Manufacturing Purchasing Managers Index,Global survey data revealed a broad based drop. in factory output across all main product groups,Worldwide output fell at the steepest rate since.
comparable data first became available in late,2009 for consumer goods intermediate goods. inputs supplied to other companies and,investment goods. The plunge in investment goods output is,45 especially noteworthy because it reflects a. marked drop in new orders from businesses,worldwide for plant machinery and other capital. Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020. Consumer goods Intermediate goods Investment goods. Source IHS Markit JPMorgan, Respond Recover Thrive The impact of COVID 19 on the economy.
Growth in services weakens to slowest pace since May 2009. Services sector experienced record plunge in February 2020. Global Services Purchasing Managers Index,Global survey data revealed supply side. disruptions and shortages as well as weakened,demand for many services. This trend was especially pronounced for,consumer services which witnessed the. highest incidence of negative impacts as the,50 travel and tourism sectors bore the brunt of. the COVID 19 outbreak, Jan 2015 Jan 2016 Jan 2017 Jan 2018 Jan 2019 Jan 2020.
Consumer services Business services Financial services. Source IHS Markit JPMorgan, Respond Recover Thrive The impact of COVID 19 on the economy. Tourism sector faces the most immediate impact, The World Tourism Organisation UNWTO estimates that international tourist arrivals could experience a growth rate of 3 in 2020 globally. a drastic decrease from early January growth estimates of 3 4. Revised 2020 forecast for international tourist arrivals. persons Travel restrictions and flight cancellations in. 1 5 addition to reduced travel demand especially in. 1 3 China one of the world s largest outbound travel. 1 2 markets is expected to result in a contraction of. 7 the global tourism industry,5 Impacted sectors,Tourism services Accommodation Recreation. Restaurants Transportation,2015 2016 2017 2018 2019 2020. International tourist arrivals YoY growth rate,Source World Tourism Organisation UNWTO.
Respond Recover Thrive The impact of COVID 19 on the economy. Outperformers and underperformers, Automobiles Auto Parts face steepest decline in output while Pharmaceuticals Biotechnology outperform. Global Sector Output Index in February 2020, Note An index over 50 represents expansion an index of 50 represents zero growth and an index below 50 represents contraction. Outperformers Underperformers Eight out of 23 sectors saw record. Pharmaceuticals Biotechnology Insurance,declines in output The steepest. decline was reported by the,Other Financials Banks. Automobiles Auto Parts sector,Beverages Healthcare Services.
which witnessed its steepest drop,Real Estate General Industrials. in production since late 2009 The, Construction Materials Commercial Professional Services. sector s existing malaise and weak, Software Services Forestty Paper Products car demand had been exacerbated. Telecommunications Services Media by the impact of factory closures. 47 50 53 56 Food and supply chain disruptions in,Technology Equipment China. Tourism Recreation Other sectors seeing record, Transportation declines in activity include Metals.
Household Personal Use Produces Mining Chemicals Machinery. Machinery Equipment Equipment Household Personal,Chemicals Use Products Transportation. Metals Mining Tourism Recreation Technology,Automobiles Auto Parts. Equipment and Food,38 41 44 47 50 53,Source IHS Markit. Respond Recover Thrive The impact of COVID 19 on the economy A view from Thailand 02 The impact of COVID 19 on the economy Executive summary 03 Current situation 05 Overall economic impact 10 A closer look at five of the world s largest economies 17 A view from Thailand 21 Respond Recover Thrive 29 03 The impact of COVID 19 on the economy The impact of COVID 19 on the economy Current

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