Thai central bank says economy may shrink less than forecast this year

 

FILE PHOTO: A supermarket employee wears a protective face shield and mask as she works behind a plastic barrier at a shopping mall that is getting ready to reopen amid the outbreak of the coronavirus disease (COVID-19), in Bangkok, Thailand May 14, 2020. REUTERS/Jorge Silva/File Photo

 

BANGKOK (Reuters) - Thailand's economy may contract less than forecast this year but could perform worse than expected next year as the key tourism sector remains sluggish, the central bank governor said on Friday.

 

Fiscal stimulus measures are still needed to support Southeast Asia's second-largest economy, Sethaput Suthiwartnarueput told a group of reporters.

 

The strength of the baht currency also remained a concern while monetary policy will continue to be accommodative, he said.

 

-- © Copyright Reuters 2020-12-04

 

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Last sentence prophetic: “The strength of the Baht remained a concern...”

Shoulda made that the headline...

It might be less, it might be more,

we are the BoT, we can't be sure.

 

????

 

22 hours ago, snoop1130 said:

A supermarket employee wears a protective face shield and mask as she works behind a plastic barrier at a shopping mall that is getting ready to reopen

Seems a little bit overkill to me

18 hours ago, RichardColeman said:

Seems a little bit overkill to me

Especially with no customers!