Thai Economy May Expand Less Than Forecast on Virus Resurgence

Thailand’s central bank said a resurgence in coronavirus infections is raising the odds the economy will expand less than forecast, as authorities curb business and travel to quell the outbreak.

The spread of Covid-19 infections at the start of the year has been more severe than the bank expected, the Bank of Thailand said in its quarterly monetary policy report Wednesday. “This increased the possibilities that the economy would underperform the baseline projection” for 3.2% growth this year and 4.8% next year, it said.