Economics
Here’s Why Thailand’s Dire Economic Outlook Is the Worst in Asia
- Thailand’s central bank is forecasting 8.1% contraction in GDP
- Tourism, trade are slumping, while strong baht is a worry
Visitors have their temperature checked at an entrance to a beach in Chonburi, Thailand, on June 14.
Photographer: Andre Malerba/BloombergThis article is for subscribers only.
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Thailand has been cited as a success story in containing the coronavirus outbreak, having gone more than 40 days without any local transmission of Covid-19. Yet its economic outlook is the darkest in Asia.