Prolonged lockdowns to cause GDP drop
The economic impact from lockdowns may cause Thai GDP to drop by 300 billion baht or 1.7 percentage points, while listed companies’ earnings price per share are expected to decline by 4% this year, as reflected in recent decreases in share prices, according to Kasikorn Securities.
The Thai government has extended the lockdown until at least Aug 2 and increased the number of provinces under lockdown and curfew.
Although factories are allowed to remain open under special circumstances, the stock prices of many companies continue to decline.
Bangkok Post Reporter
