Thailand has Asia’s gloomiest economic forecast as tourism and exports hit hard by coronavirus

Thailand has been cited as a success story in containing the coronavirus outbreak, having gone more than 40 days without any local transmission of Covid-19. Yet its economic outlook is the darkest in Asia.Gross domestic product is forecast to contract 8.1 per cent this year, according to the Bank of Thailand. That’s worse than official forecasts for any of the main economies across Asia, and would be Thailand’s biggest GDP decline ever, surpassing even its plunge during the Asian financial…

from South China Morning Post https://www.scmp.com/news/asia/southeast-asia/article/3092086/thailand-has-asias-gloomiest-economic-forecast-tourism-and