Thailand’s GDP contracted 6.1 per cent in 2020 due to Covid-19: NESDC

Thailand’s gross domestic products (GDP) shrank 6.1 per cent in 2020 due to widespread impact of the Covid-19 pandemic, the National Economic and Social Development Council (NESDC) said on Monday.

Danucha Pichayanan, secretary-general of NESDC, said at a conference that GDP in the fourth quarter of 2020 rose by 1.3 per cent compared to the previous quarter, but contracted 4.2 per cent year on year.

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The Nation Reporter