Thai economy expected to shrink 7-9% but export picture looks rosy


BANGKOK (The Nation/ANN): Thailand’s economy will shrink by 7-9 per cent this year but has passed through its lowest point in the Covid-19 crisis, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said on Wednesday (Oct 7).

Kalin Sarasin, JSCCIB chairman, said economic momentum would continue through the end of the year after hitting rock-bottom in the second quarter.

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Thailand , economy , exports , contract

   

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