Thai economy could take more than 2 years to recover: Standard Chartered

People wait outside of a shopping mall before opening time in Bangkok on May 28, 2020, as sectors of the economy are being reopened following restrictions to halt the spread of the Covid-19.Standard Chartered forecasts the return to pre-Covid levels of economic activity could take more than two years. - AFP

BANGKOK (The Nation/ANN): Standard Chartered Bank today (May 28) said it remains conservative on Thailand’s economic outlook, even as positive signs emerge with the possibility of a further policy rate cut to below 0.25 per cent.

The return to pre-Covid levels of economic activity could take more than two years on the back of improving business sentiment as the economy reopens, the bank assessed, adding the government has been disbursing cash handouts to pandemic-affected households since April.