Central Bank of Thailand Economic growth forecast drastically reduced New Corona impact March 26 11:33
Thailand's central bank released its latest economic outlook on Wednesday, saying that the outbreak of the new coronavirus was severely affecting tourism and export industries, and forecasted that Thailand's forecast of economic growth was minus 5.3. %. There are many Japanese companies in Thailand, and the effects of the economic slowdown are likely to affect the situation.
After a monetary policy meeting held on Tuesday, the Thai central bank announced its forecast of GDP = GDP growth at a stretch of 8.1 from the previous forecast of 2.8% in December last year. The points have been lowered and revised downward to -5.3%. The reason is that the spread of the new coronavirus has seriously affected the tourism and export industries.
If the Thai economy falls into negative growth of more than 5%, it will be the lowest level since 1998 when the currency crisis hit 7.6% in 1998. There are more than 5,000 Japanese companies operating in Thailand, and the effects of the economic slowdown are likely to affect these companies as well.
`` The spread of the new coronavirus has severely affected the number and exports of tourists in Thailand, and the Thai economy will suffer negative growth, '' an executive of the Central Bank of Thailand said at a press conference. I showed strong concern.