BOT predicts 5.3% contraction in Thai economy for 2020

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aloha11x
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BOT predicts 5.3% contraction in Thai economy for 2020

Post by aloha11x » Thu Mar 26, 2020 9:59 am

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Even the Thai economy, which was still maintaining respectable growth before January, is now spluttering under the siege of the Covid-19 virus.

Now the Bank of Thailand has crunched some numbers and believes the Thai economy will sharply contract by 5.3% this year as the virus continues to weigh on global financial markets, the local economy and people. GDP growth for 2019 stood at a low 2.4%.
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