This aerial photo taken on July 20, 2021 shows scores of taxis left in a parking lot, after drivers were unable to pay rent on them due to the economic hardship of Covid-19 and more than a year of no incoming foreign tourism, in Bangkok. - AFP
BANGKOK (Bloomberg): Thailand will likely be the worst economic performer in South-East Asia this year, with economists continuing to slash the country’s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival.
Gross domestic product is expected to grow 1.8% this year, according to the latest weighted average of 36 economists surveyed by Bloomberg. That’s particularly weak considering it’s a comparison to last year, when the Thai economy contracted 6.1%, the most in more than two decades.
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