People shop at a flea market converted from a bar on Khao San Road on Bangkok on Sunday. The owner of the 18-year-old Hippie De Bar converted the space into a small market for clothes and vintage items since the bar cannot be opened by City Hall’s order. The market opens from 12pm to 8pm everyday. (Photo by Arnun Chonmahatrakool)
The Finance Ministry has cut its economic forecast for 2021 to 2.8% from the 4.5% expected in October, factoring in the resurgence of Covid-19 and fresh government stimulus measures.
Thursday’s downgrade follows similar recent warnings that Thailand faces downside risks.
Earlier this month, the central bank signalled its own 3.2% GDP growth forecast for the year may need to be reduced. The International Monetary Fund also recently lowered its 2021 GDP estimate for Thailand to…
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