Thai Finance Ministry to adjust growth projection for 2020

A woman, wearing a facemask amid concerns over the spread of the Covid-19 (coronavirus) walking in a empty department store in Bangkok on Saturday (Feb 29). The Thai Ministry of Finance said on Saturday that it will readjust the country's economic growth projection for 2020 in April in the wake of severe drought, flagging economy and strong baht currency, as well as the recent Covid-19 outbreak.- AFP

BANGKOK: The Thai Ministry of Finance said on Saturday (Feb 29) that it will readjust the country's economic growth projection for 2020 in April in the wake of severe drought, flagging economy and strong baht currency, as well as the recent Covid-19 outbreak.

"It is highly possible that the forecast of 41.1 million tourist arrivals for this year will not be met although the full impacts from Covid-19 (coronavirus) outbreak cannot be accurately assessed for the time being," Wutthipong Chittangsakul, deputy director of the Ministry's Fiscal Policy Office, said.