Thailand Risks First Double-Dip Recession Since 1998 Asia Crisis

Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival.

Gross domestic product is expected to grow 1.8% this year, according to the latest weighted average of 36 economists surveyed by Bloomberg. That’s particularly weak considering it’s a comparison to last year, when the Thai economy contracted 6.1%, the most in more than two decades.

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