Thailand Sees 2020 GDP Drop 7.7%, Better Than Previous Forecast
Thailand’s economy will shrink this year by less than previously estimated as government support measures alleviate the impact of the coronavirus pandemic, according to the finance ministry.
The Southeast Asian nation, which has seen trade and tourism battered by the pandemic, will contract 7.7% in 2020, Pornchai Thiraveja, a financial policy adviser and the ministry’s deputy spokesman, said Thursday. The ministry in July had forecast an 8.5% drop.
