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B300bn economic impact forecast for Q1

B300bn economic impact forecast for Q1

Economy may contract in Q1, university head

Buddhist novice monks wearing masks attend a lesson at Wat Molilokayaram monastic educational institute in Bangkok on Thursday. (Reuters photo)

The economy could lose as much as 300 billion baht in the first quarter after its largest coronavirus outbreak saw consumer mood sink to a five-month low in December, according to the University of the Thai Chamber of Commerce.

The consumer confidence index dropped for the first time in three months to 50.1 in December, when the new spread was detected, from 52.4 in November, as consumers feared a surge in inflections would hit the economy and jobs, a survey by the university showed on Thursday.

“If the situation does not improve in…

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