Economics

Thailand Cuts 2021 GDP Growth Forecast on Worst Covid Wave

Council now sees the economy growing just 0.7%-1.2% this year
Economic agency is latest state body to cut Thailand’s outlook

A Covid-19 vaccination center set up at the Bang Sue Grand Station in Bangkok.
Photographer: Nicolas Axelrod/Bloomberg

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By Suttinee (Ying) Yuvejwattana and Randy Thanthong-Knight

August 16, 2021 at 2:47 AM UTC

Updated on

August 16, 2021 at 3:37 AM UTC

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Thailand’s main economic planning body cut this year’s economic growth forecast as the nation’s worst Covid-19 outbreak leads to record deaths, falling local demand and delayed tourist arrivals.