Additionally, the world has now entered a global recession predicted by the IMF to be more severe than 2009 Financial Crisis (IMF, 2020). Thailand is heavily affected, with the Covid-19 crisis also coinciding with severe drought and slumped oil prices. This is set to disproportionately affect the poor working in the informal economy, outside of the social security system and reliant on income from their micro-enterprises. Official household debt is 78% (BoT, 2018), highlighting the vulnerability of families to economic shocks. Domestic spending is significantly down as well as products for export to Europe and US, affecting those at the bottom of the value chain the most, who have less to fall back on.
Yunus Thailand is inviting businesses operating in Thailand to submit information regarding their current response to Covid-19.
Learn more: https://yunus-thailand.org/catt/
Yunus Thailand is providing an expert webinar series for executives on how to lead with purpose through the crisis, and essential business knowledge, skills and tools to survive the Covid-19 economic crisis.
Learn more: https://yunus-thailand.org/knowledgehub/
Yunus Thailand is currently developing initiatives on the ground to directly address the Covid-19 crisis. We are continuously looking for partners to expand our impact…
Learn more: https://yunus-thailand.org/ytaction/
Corona Pandemic: Time Is Running Out Fast
by Prof. Muhammad Yunus
” I want to draw everyone’s attention to TIME – it is running out fast! With every passing moment, we are losing the opportunity we still have…”