Economics
Coronavirus Impact Puts Thai Economy Closer to Recession
- Deputy premier says growth likely weakened sharply on virus
- Government is mulling steps to boost tourism, consumption
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A technical recession is looming in Thailand after a key government official painted a bleak picture of the economy.
Growth could be less than 1% in January through March from a year ago, mainly because of the chilling impact of the novel coronavirus outbreak on tourism, according to Deputy Prime Minister Somkid Jatusripitak.