People wear face masks to prevent the spread of Covid-19 at Pratunam market following a recent outbreak. (Photo by Apichart Jinakul)
Thailand’s GDP growth is forecast at 2.5% this year, assuming the government maintains stringent measures to contain new Covid-19 infections until February, says Krungthai Compass.
The research house under Krungthai Bank estimates the domestic economic growth outlook under two scenarios based on the coronavirus outbreak impact.
The government’s stringent measures to contain the contagion, especially tight control in 28 red zone provinces, would largely affect domestic demand and local tourism, said chief economist Phacharaphot Nuntramas.
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