The central bank at its December policy meeting said gross domestic product probably shrank by 6.6% in 2020 due to the impact of the pandemic. At the same gathering, it cut its forecast for this year to growth of 3.2%, from an earlier estimate of 3.6%
Bangkok: Thailand’s economic conditions are expected to deteriorate further this year as the nation battles a resurgence in the coronavirus, according to a national survey.
About 52.2% of the respondents in the study undertaken by Bangkok-based National Institute of Development Administration predict the economy will be even worse in 2021 than it was last year, while 14.6% anticipate an improvement.
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