Thailand – UTCC: 11.4% contraction in GDP forecast for 2020
Thailand’s economy is likely to contract by as much as 11.4% this year, its worst showing, attributed largely to the pandemic impact, volatile foreign exchange, widespread drought and the continued US-China trade spat. Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce, said the forecast was based on the country being closed […]
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