Skip to content
View in the app

A better way to browse. Learn more.

Thailand News and Discussion Forum | ASEANNOW

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.

World Bank sees Thai economy shrinking by at least 5% this year

Featured Replies

World Bank sees Thai economy shrinking by at least 5% this year

 

2020-06-30T024944Z_1_LYNXMPEG5T05A_RTROPTP_4_THAILAND-ECONOMY-TOURISM.JPG

FILE PHOTO: A man wearing a protective face mask walks as the spread of COVID-19 continues, in Chinatown, one of the city's top tourist spots, in Bangkok, Thailand March 30, 2020. REUTERS/Jorge Silva

 

BANGKOK (Reuters) - Thailand's economy is expected to be severely impacted by the COVID-19 pandemic, shrinking by at least 5% this year and taking more than two years to return to pre-pandemic GDP output levels, the World Bank said on Tuesday.

 

In the baseline scenario, the economy is projected to grow by 4.1% in 2021 and by 3.6% in 2022, the agency said in a statement.

 

An estimated 8.3 million workers will lose employment or income because of the COVID-19 crisis, which has put many jobs at risk, particularly those related to tourism and services, the World Bank said.

 

(Reporting by Orathai Sriring; Editing by Tom Hogue)

 

reuters_logo.jpg

-- © Copyright Reuters 2020-06-30
 
  • Popular Post

I've had a gut feeling it will be a lot worse than 5%.  I don't think we will see the full impact of the fallout from the Wuhan China virus till September or November.  By then we will see unemployment insurance from social security run out.  Plus lack of orders from abroad for manufacturing.  And ongoing uncertainty in the Agro sector. Ps: And for whatever reason the baht stays strong it was going to and surely will have an impact on manufactured goods in the domestic and export markets.  Because my Aussie $ gets less baht I  limit my shopping to necessaries.

Edited by Grumpy John
Ps:

Just don't look for any kind of leadership your on your own the 5000bt scheme has run out good luck ????

5% ? Is this a comedy show? ????

I wish my waist line would shrink 5% this year....Covid has seen to it that it has expanded due to being shut out of the Gyms, Pools, and Parks for a period of time.  I think I will have to petition the Government for a permit due to my ever expanding boiler, wouldn't want to run afoul of regulations.....

5 hours ago, webfact said:

Thai economy shrinking by at least 5% this year

Which means it's 95% of what it was last year, which I find very hard to believe !!!

How can they come up with Only  5%, Surely with no genuine tourist entering until early new year Thailand is heading for recession.

Hoping it much, much more. 

Apparently the world bank didn't receive the memo...Thailand Great ,Thailand number 1 ...me love you long time....

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.

Account

Navigation

Search

Search

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.