BANGKOK: Thailand’s first quarter economic performance will ‘not be good’ as the coronavirus outbreak hurts activity, a government official said on Friday.
The epidemic continues to significantly curtail Thailand’s lucrative tourism sector, with the number of foreign tourists currently down sharply by about 50%, Kobsak Pootrakool, secretary to the council of economic ministers, told reporters.
Bank of Thailand Governor Veerathai Santiprabhob said the central bank will reduce its 2020 growth outlook, currently at 2.8%, at its next rate meeting on March 25. -Reuters
source https://www.thesundaily.my/business/thailand-s-q1-gdp-will-not-be-good-govt-official-XY2089044
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