Hej
Thailands ekonomi drabbas hårt av dom nedstängningar som har vidtagits för att bekämpa coronaviruset, första kvartalet innebar en ekonomisk tillbakagång för första gången sedan 2014, man befarar att tillbakagången kan bli 5-6% vilket skulle vara den största nedgången sedan 1998 då landet drabbades av en ekonomisk kris.
Economy shrinks for first time since 2014 on virus
PUBLISHED : 18 MAY 2020 AT 10:05
UPDATED: 18 MAY 2020 AT 10:59
WRITER:
BLOOMBERG NEWS
An employee wearing a face mask under a protective face shield cleans tables at the food court of a partially closed shopping mall on May 11, 2020. (AFP photo)
The country’s economy contracted in the first quarter for the first time since 2014 as the coronavirus outbreak cut off tourist arrivals and shuttered commerce.
Gross domestic product shrank 1.8% from a year ago, the National Economic and Social Development Council (NESDC) said on Monday. That’s the first contraction since early 2014, according to previously published data. The median estimate in a Bloomberg survey of economists was for GDP to shrink 3.9% last quarter.
On a quarterly basis, the economy shrank a seasonally adjusted 2.2%.
The state planning agency, reporting January-March data on Monday, slashed its forecast for 2020 gross domestic product (GDP) to a contraction of 5.0-6.0% from growth of 1.5%-2.5% projected in February.
That would be the worst decline since 1998 when the Asian financial crisis damaged the economy.
The country’s economy contracted in the first quarter for the first time since 2014 as the coronavirus outbreak cut off tourist arrivals and shuttered commerce.
www.bangkokpost.com
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