The third wave of the pandemic has unnerved businesses who previously believed they would be able to recover this year after Covid-19 walloped their income in 2020.
Complicated by a more contagious UK Covid-19 strain, the third wave has seen more than 1,000 infections a day since April 14, with deaths climbing to double digits a day.
Several bank research units have downgraded their 2021 GDP outlook following the third wave.
Kasikorn Research Center (K-Research) cut its GDP outlook from growth of 2.6% to 1.8%, while Krungsri Research adjusted its forecast from growth of 2.5% to 2.2%.
The fresh outbreak prompted stringent government measures in provinces saddled with…
