Thailand suffers biggest economic fall since 1998, more stimulus announced

Topics Thailand | Global economy


Thailand's economy suffered its biggest annual contraction since the Asian financial crisis in the second quarter due to the fallout of the coronavirus, prompting the government to slash its GDP forecast for the year and announce more stimulus.

Data from the state planning agency showed a 100 per cent fall in foreign tourism dealt the biggest blow to Southeast Asia's second-largest economy, while the coronavirus and measures to curb it also hit consumption, private investment and exports. New Deputy Prime Minister Supattanapong.....

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