Economy could lose over B1.3tr if virus crisis goes beyond Q2

The Thai economy is expected to lose 1.3 trillion baht, almost all of it in the tourist sector, due to the initial impact of the coronavirus pandemic, a banking association said on Tuesday.“But if the outbreak cannot be controlled within the current quarter, the impact ...

Thailand says new economic measures to ease virus impact worth 10% of GDP

Thailand’s new package of economic measures to mitigate the impact of the coronavirus outbreak will be worth about 10% of its gross domestic product (GDP), Deputy Prime Minister Somkid Jatusripitak said on Friday.The package will cover all economic sectors for at least the next six ...

'Moderate' virus impact on Thai GDP

The novel coronavirus could lower Thailand’s nominal GDP by 0.09-0.13% if the outbreak lasts longer than three months but less than six months, says Kasikorn Research Center (K-Research).“For Thailand, the impact is moderate,” the research house under Kasikornbank said in a note. Economic damage could ...

Central bank worries virus impact could drag growth below 2 per cent

The Thai economy could be hit hard if the new coronavirus (Covid-19) outbreak is prolonged, Don Nakornthab, senior director at the Bank of Thailand, said on Thursday (February 13).The economy is already weighed down by the impacts of the delay in implementing the annual budget ...

The Nation Reporter

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