3 activities to support the Thai economy in February by more than 80-90 billion baht

Bangkok, Chairman of the Advisory Center for Economic and Business Forecasting. The University of the Thai Chamber of Commerce stated that this year's Valentine's Day is the busiest in the past five years, with more than 2,500 million baht in circulation, emphasizing that February this year is both Chinese New Year. Valentine's Day and Makha Bucha Day have more than 80-90 billion baht flowing into the system, while a dried flower shop in the Huai Khwang Fresh Market area stated that this year's Valentine's Day, people dare to buy dried flowers and give them to each other at inexpensive prices and have sentimental value. Assoc. Prof. Dr. Thanawat Phonwichai, President and Advisor to the Center for Economic and Business Forecasting University of the Thai Chamber of Commerce said The Economic and Business Forecast Center has surveyed spending during Valentine's Day, February 14, 2024. It is found that there will be 2,518 million baht in circulation, an increase of 5.4 percent from 2023 when expenses were at 2, 385 million baht, the busiest in the period. 5 years while having an average cost per person of 2,125 baht from 1,847 baht in 2023, even though spending numbers will increase along with the economy. But it is an increase in the price of products and other things. Gen Z people aged 13-23 years will give the most importance to Valentine's Day when buying gifts to give to their loved ones. There was eating out, buying flowers, going to the movies, and going to my girlfriend's house. Therefore, activities in February 2024 this year, including the Chinese New Year festival Valentine's Day and Makha Bucha Day It should make more money flow. 80,000-90,000 million baht that will enter the Thai economy The Center for Economic and Business Forecasting University of the Thai Chamber of Commerce It is seen that the Thai economy began to gradually recover in the first quarter. Even though it's still not much But it will start to get better in the second quarter because there should be money in the budget in 2024 that wi ll start disbursing, causing money to enter the economic system. As a result, the overall economy will improve during the second quarter onwards. And if the results of the Digital Wallet Committee meeting on February 15 come forward, it is believed that it will enhance economic liquidity. well It is expected that this year's economy at the Economic and Business Forecasting Center University of the Thai Chamber of Commerce Looking at GDP to grow at 3-3.5 percent, if digital wallets come in, this year's GDP will definitely exceed 4 percent. Mrs. Saowanee Sawatomornkul, owner of Khunying Huai Khwang Fresh Market, said that during Valentine's Day this year It is expected to be more lively and better than in past years. As the problem of the Covid epidemic subsides, people turn to spending more. The shop focuses on selling dried flowers rather than fresh flowers, which are expensive. Roses in sets cost more than 1,000 baht, but if they are dried flowers, the price ranges from 200-300 baht and the most expensive i s only 500 baht. But dried flowers are kept. They last longer than fresh flowers and are more valuable than dried flowers. Consumers will focus on buying them on the evening of February 13 every year in order to give them to their loved ones, not only young people. Middle-aged people also come to buy flowers to give to family members. Source: Thai News Agency