China News Service, May 18, according to Singapore's "Lianhe Zaobao", the latest data released by the Thai National Planning Agency on the 18th shows that Thailand's economic contraction rate in the first quarter of this year is the fastest in nearly eight years, or it will accelerate The two largest economies are in recession.
On May 13, local time, after relaxing restrictions in Bangkok, Thailand, in order to prevent the spread of the new coronavirus, a restaurant launched a giant panda doll to eat with customers.
According to reports, Thailand ’s National Planning Agency released data from January to March on the 18th, which significantly lowered the country ’s economic growth forecast and increased Thailand ’s gross domestic product (GDP) growth rate in 2020 from the expected increase of 1.5 to 2.5 in February. %, Revised down to 5.0 to 6.0%. This may be the hardest hit by Thailand since the 1998 Asian financial crisis.
The report pointed out that Thailand ’s economy fell 1.8% year-on-year in the first quarter, which was the biggest contraction since the fourth quarter of 2011. Eight years ago, the Thai economy was in trouble due to severe floods.
In addition, the Thai National Planning Agency has also lowered its export forecast and the number of inbound tourists this year. Export trade and tourism are the two major economic pillars of Thailand.
Affected by the epidemic, the Thai government expects exports to fall by 8.0% this year, which was previously forecast to increase by 1.4%. In addition, the number of foreign tourists is also expected to decrease from 37 million to 12.7 million. Thailand ’s number of international tourists arriving last year hit a record high of 39.8 million.
On the 18th local time, Thailand's new crown epidemic response management center revealed at a regular press conference that Thailand added 3 newly diagnosed cases within a day, with a total of 3031 confirmed cases; there were no new deaths, a total of 56 deaths; a total of 2857 cases were cured.