“J Festival” this year, lonely from the COVID-19 poisoning, the economy slowed High cost of living, unemployed people, lower incomes, careful spending, expects widespread 46,967 million baht, expanding 0.9%, the lowest in 13 years.
As usual, the “J Festival” is a period that will stimulate the Thai economy well at the end of the year, with the year 2020 running on October 17-25, a total of 9 days, but after the virus spread. Corona made this year “not as lively” as usual.
Economic and Business Forecasting Center University of the Thai Chamber of Commerce The results of research on consumer spending behavior during the vegetarian festival From the survey between 28 September – 2 October 2020 from a sample of 1,393 people nationwide, it was found that the total spending value should be approximately 46,967 million baht, a growth of only 0.9% from 2019.
This is mainly due to the impact of COVID-19 at 39.8%, followed by poor economic conditions, 28.6%, higher cost of living. Debt increased 19.1% and unemployed income decreased 11.6%.
The survey showed that more than 60.2% of people would not eat vegetarian while 39.8% would eat vegetarian. One person will spend during the vegetarian festival at approximately 11,469.34 baht, divided into 1,016.19 baht for food, 2,863.52 baht for merit making, 3,762.21 baht for a merit-making trip and accommodation (if going to other provinces) 4,722.62 baht.
The comment section said How will the prices of food and ingredients for vegetarian cooking in 2020 compare with in 2019, 58% of the public sees that it will be higher. Caused by the higher cost of living As a result, merchants and women increased prices, including the COVID-19 problem and higher wages, while 41.1% said the price would be the same as the previous year.
As for the channels for purchasing vegetarian food, it was found that 76.45% of them chose to buy themselves in the fresh market. Convenience store In general stores, the other 23.6% did not go to buy themselves. But ordering through a shipping medium Such as delivery service Win a motorcycle Or buy through the call center system
More than 47.8% of people thought the Thai economy was at its lowest point, while 27.3% said the country was in recession. This is inconsistent with many economic institutions that have declared that the Thai economy has passed its lowest point. After 2Q2020, another 20.7% believe that it is recovering at a slow pace, with 48.8% believing that the Thai economy should begin to recover in the second half of 2021.
As for the current family liquidity Compared to the same period last year, more than 60.9% of people saw it as “weaker”, while 34.0% said it was unchanged.
In addition, the current worrisome survey found that 24.7% of people are worried about the economy, 24.1% are worried about politics and 17.8% are worried about the COVID-19 epidemic.
In the past 2-3 years, the value of spending during vegetarianism Also has a continuous contraction rate Further aggravated when faced with the epidemic crisis By this year’s Vegetarianism Festival It will be worth the overall spending. ‘The lowest growth’ in 13 years (since University of the Chamber of Commerce first collected data in 2008)
Cr. https://positioningmag.com/1300632…
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