It never been like this before

Canada Goose online Black shirts bright spot in Thai economy as mourning for king begins

canada goose clearance BANGKOK (Reuters) Thais are crowding shopping malls and department stores canada goose uk black friday to stock up on black clothes, as they begin a year canada goose uk outlet of mourning for beloved King Bhumibol Adulaydej that could end up dampening consumption in Southeast Asia second biggest economy.

canada goose clearance sale Pedestrians dressed in black clothes to mourn the Canada Goose Online passing of Thailand’s King cheap canada goose uk Bhumibol Adulyadejin looks through clothing on a rack along a street in Bangkok, Thailand October Canada Goose Outlet 17, 2016. REUTERS/Issei buy canada goose jacket Kato/File Photo

canada goose coats on sale The rush on retail outlets such Japan Uniqlo, Tesco Lotus and BigC is in sharp contrast to thinning crowds canada goose clearance sale at Bangkok cinemas, coffee shops and usually bustling bars since the king died on Thursday after a long illness.

canada goose coats is overwhelming and black T shirts were sold out within half an hour, said canada canada goose goose store a sales representative at Uniqlo flagship store in Bangkok upmarket Central World mall. customers bought a dozen of them and we can limit the number of goods that they wanted to buy.

Canada Goose Jackets The government has announced a year of mourning, and is encouraging people to curtail festivities such as weddings canada goose clearance and other Canada Goose Coats On Sale events during the first 30 Canada Goose online days, which could put a crimp in consumption.

cheap Canada Goose But the government does not expect the economy to need any additional stimulus measures as a result of any slowdown in economic activity during the year ahead, Deputy Prime Minister Somkid Jatusripitak canada goose coats said on Wednesday.

canada goose deals is no need cheap Canada Goose for any stimulus measures, he said. is nothing to worry about. we must be confident in our country potential.

Canada Goose Outlet Previously announced economic measures, including cash handouts for low income people, should help maintain economic momentum, Kobsak Pootrakool, a vice minister in the Prime Minister Office, said after Tuesday cabinet meeting.

Tourism Minister Kobkarn Wattanavrangkul does not expect much of an impact on tourism, but mood and tone might be different she told Reuters. still welcoming tourists to share this precious moment with Thailand.

EVENTS BUSINESS Some hotels could see a drop off in their events business.

Ronnachit Mahattanapreut, senior vice president for finance at Central Plaza Hotel Pcl, told Reuters some seminars and conferences have been put off or cancelled and the company is negotiating with customers about postponing events.

canada goose black friday sale People restock black T shirts for shoppers mourning the passing of Thai King Bhumibol Adulyadej at Bo Bae wholesale market in Bangkok, Thailand October 15, 2016. REUTERS/Edgar Su/File Photo

buy canada goose jacket Karaked Sanamchai, manager at Sirichai uk canada goose outlet Wholesale Centre, which supplies beer and alcoholic beverages in suburban Bangkok, said orders for alcohol drinks have dropped around 20 30 percent in the past week.

Bars in Bangkok Patpong, a popular night market and red light district, are largely empty these days. there is joy with music and fun, uk canada goose but now the atmosphere has turned to sadness. It never been like this before, said bartender Kwanmongkol Buttima at a bar in the area.

The media sector is also likely to take a hit.

canada goose store The broadcast and telecommunications regulator has ordered TV and radio stations to refrain from broadcasting entertainment programs during the initial 30 day mourning period.

Advertising spending will likely slow down from the fourth quarter into the first quarter of 2017, media analysts say.

canadian goose jacket Cinema operators, such as Major Cineplex, may also be affected as Thais stick to home.

SIGNIFICANT TOURISM IMPACT be honest, cancelling parties and celebration activities will hit the Canada Goose Parka entertainment business and the tourism sector, said a head of research at a Thai stock brokerage who declined to be named, given sensitivities around the monarchy.

impact on tourism should canadian goose jacket be canada goose black friday sale significant drag on the economy because tourism is one of a few drivers now, he added.

Passengers dressed in black and white or dark coloured clothes, to mourn the canada goose coats on sale passing of Thailand’s King Bhumibol Adulyadej, are seen during the morning rush hour at a station in Bangkok, Thailand, October 17, 2016. REUTERS/Issei Kato/File Photo

Thailand, with its beaches, Buddhist temples and infamous night life, had expected a record of 33 million visitors this year.

canada goose Tourism accounts for about 10 percent of Thailand economic output, and the industry has been a rare bright spot for an economy that has struggled for years as pivotal consumption and exports have Canada Goose sale been sluggish.

don see an immediate impact on Thailand economic performance. The only drag would likely be in the tourism sector, said Singapore based Barnabas Gan of OCBC Bank, who is sticking to his 2016 GDP growth forecast of 3.2 canada goose percent.

that there is no substantial negative impact on growth and fundamentals, there isn a need buy canada goose jacket cheap to engage in monetary easing, he said.

Canada Goose Parka The central bank has left its policy rate steady at 1.50 percent, near a record canada goose uk shop low, since April 2015.

Canada Goose sale EFFECTS Despite a temporary impact on some activities, Pimonwan Mahujchariyawong, senior economist of Kasikorn Research Center, said she expected would be stimulative effects on activities, such as consumer goods and transportation related to the mourning.

She said she sticking to her forecast of 3.3 percent growth for 2016. Thailand economy grew 2.8 percent last Canada Goose Jackets year.

While black attire is one bright spot in the economy, other products are seeing a spurt canada goose factory sale of business as well.


TIT Kossuth Klub Egyesület
1088 Budapest, Múzeum u. 7
+36 1 338 31 66
+36 1 411 08 46