Thailand GDP low for the first time in five years Impact of US-China trade friction February 17 at 16:39
In the last year, Thailand, where many Japanese-affiliated companies have entered the market, has seen GDP growth of only 2.4% higher than the previous year due to trade friction between the United States and China, which is the lowest level in five years. did. In addition, the spread of the new coronavirus is catching up, and there is a possibility that the GDP growth rate will slow down further.
The growth rate of GDP = gross domestic product for the past year announced by the Thai Economic and Social Development Commission on the 17th is only 2.4% higher than the previous year in real terms converted to an annualized rate for the first time in five years. It was a low standard.
The main factors were a slowdown in the global economy due to trade friction between the United States and China, a sharp rise in currencies and baht, and a slump in exports.
In addition, the outbreak of the new coronavirus infection has hampered the growth, and the GDP growth rate for one year was up 1.5% to 2.5%.
In a press conference, Tosaporn, Secretary General of the Thai Economic and Social Development Commission, stated that tourism, related industries and airlines have been seriously affected by the spread of the infection, and said he would pay close attention to the impact. Showed.
Thailand is an agglomeration of manufacturing industries in Southeast Asia, where many Japanese companies such as automobile and electronics manufacturers have entered the market.