B-Focus — 5 ประเด็นเด่นเศรษฐกิจประจำสัปดาห์ 8 มิถุนายน 2564
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The document summarizes recent economic news from around the world in 6 points: 1) The G7 reached a tax deal, 2) The chip shortage is expected to last until late 2022, 3) Global food prices rose rapidly in May, 4) The US added 559,000 jobs in May and narrowed the gap from pre-pandemic unemployment levels, 5) Thailand's government economic stimulus measures, and 6) An image of Sun Moon Lake.
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B-Focus — 5 ประเด็นเด่นเศรษฐกิจประจำสัปดาห์ 8 มิถุนายน 2564
- 1. Economic Outlook Burin Adulwattana Chief Economist 1
- 5. US economy added 559,000 jobs in May, narrowing the pre-pandemic gap Source: BLS, Macrobond
- 8. Global food prices rose at rapid pace in May Source: Macrobond
- 10. Sun- Moon Lake Source: Shine CN
- 11. Chip shortage to last until late 2022
- 12. 1. G7Tax Deal
- 17. Thank You 17
Editor's Notes
- The FAO Food Price Index averaged 127.1 points in May, 4.8 percent higher than in April and 39.7 percent higher than in May 2020. A surge in the international prices of cereals, sugar, meat, and dairy led the increase in the index The higher inflation will hit poorer countries reliant on imports for staple goods. For richer countries, the cost of raw ingredients accounts for only part of the overall price paid for products at supermarkets and restaurants.
- https://www.cnbc.com/2021/05/12/the-global-chip-shortage-could-last-until-2023-.html
- G7 agreed that governments should have the right to tax at least 20% of the profit earned in their country by a multinational over a 10% margin. The move aims to get multinationals — particularly tech giants / the world’s biggest 100 companies based on where they generate revenues — to pay more into government coffers hit hard by the pandemic. G7 wants the minimum rate to be applied on a country-by-country basis, rather than an average across the countries in which a company operates – an approach considered far tougher on tax havens. If a US company books profit in the British Virgin Islands, for example, where there is no corporate tax, US tax authorities could apply a 15% tax on those profits. Keeping the floor of the minimum tax rate at 15 per cent has been heavily criticised, with countries, including France, pushing for a higher level.