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Friday, March 29, 2024

Thai Economic Conditions Tipped to Worsen as Virus Spreads

Photographer: Jack Taylor/AFP/Getty Images

Thailand’s economic conditions are expected to deteriorate further this year as the nation battles a resurgence in the coronavirus, according to a national survey.

About 52.2% of the respondents in the study undertaken by Bangkok-based National Institute of Development Administration predict the economy will be even worse in 2021 than it was last year, while 14.6% anticipate an improvement.

At the same time, the impact of Covid-19 may be even more deadly than in 2020, according to 48.1% of the 1,326 respondents in the survey held between Dec. 24-25. Just 28.8% expect it to be less severe, the institute said in a statement…

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