IMF: Thai GDP down 6.7%
The IMF downgraded the economic forecast for Thailand in 2020 to a contraction of 6.7%, making it the worst performer among its Asean peers if the multinational lender’s projection holds true. The revision is attributed to the economic toll of the coronavirus.
Despite this, the IMF raised its estimate for Thailand’s economic growth to 6.1% next year, according to the “World Economic Outlook: The Great Lockdown” report released yesterday.
Oranan Paweewun
