Thai economy may lose $3 billion a month after new virus outbreak

Thailand’s economy could lose 100 billion baht ($3.2 billion) a month, a university warned on Thursday, as the country struggles with a third wave of the coronavirus. 

The University of the Thai Chamber of Commerce said the latest wave could reduce the number of workers by 149,000 a month, mainly in the service industry and and tourism sector, which has been ravaged by the Covid pandemic.

The university expects the new wave to be controlled within two or three months like previous outbreaks, but said it is likely to cut gross domestic product (GDP) by 1.2% to 1.8%, university president Thanavath Phonvichai told a briefing.

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