Thai economy worst hit in six decades

Dog tired: A woman holding her dog while she shops for fruit during the outbreak in Bangkok. — Reuters

COVID-19 has hit Thailand’s economy harder than any event in the last six decades, with a projected GDP of minus-4% and 10 million jobs lost, said the University of the Thai Chamber of Commerce.

Thanawat Phonwichai, director of the UTCC’s Centre for Economic and Business Forecasting, said that the Thai Chamber of Commerce (TCC) confidence index in March fell to 37.5, the lowest point since January 2018, as a result of the pandemic crisis.