Thailand’s GDP growth projection of 3.2% for this year could be downgraded by as much as four percentage points, depending on the government’s management of the latest outbreak, says the Bank of Thailand.
There are three scenarios that could cause the country’s economic growth outlook to waver between 1-4%, according to the central bank.
In the first scenario, the central bank forecasts the government would use the existing moderate measures, which excludes a nationwide lockdown in favour of area-based measures that are implemented for two months to contain the outbreak. Read more…..
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Economic freefall adds urgency to calls for political reform by youth-led pro-democracy movement.
