BANGKOK (Reuters) – The Thai government’s support measures and the passage of a delayed budget bill will help ease the economic blow from a new coronavirus, the country’s central bank governor said on Tuesday.
It will take some time to assess the overall impact of the virus outbreak, which is hitting tourism and supply chains, Bank of Thailand Governor Veerathai Santiprabhob told reporters.
The Tourism Authority of Thailand expects the number of foreign tourists to fall by 5 million this year to about 35 million owning to the outbreak. Spending by foreign tourists accounted for no less than 11% of Thailand’s GDP last year..
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