Thai GDP Impact of New Corona Low for 22 Years Since Asian Currency Crisis August 17 15:21
In Thailand, where many Japanese companies are expanding, the growth rate of GDP (Gross Domestic Product) from April to June was minus 12.2% compared to the same period last year, the first time in 22 years due to the influence of the new coronavirus. It fell to a low level.
Thailand's GDP growth rate from April to June, announced by the National Economic and Social Development Committee of Thailand, was minus 12.2% in real terms compared to the same period last year, and the impact of the Asian currency crisis. In the second quarter of 1998, it fell to a low level for the first time in 22 years since the negative 12.5%.
This was mainly due to a decrease in personal consumption due to severely restricted economic activities such as sales of commercial facilities as a measure to prevent new coronavirus infections, and a slump in export industries due to a decrease in global demand. is.
In addition, the forecast for GDP growth rate for the past year has been revised downward from an average of minus 5.5% to minus 7.5%.
At the press conference, Thai National Economic and Social Development Commission Secretary General Tosaporn said, "The forecast of minus 7.5% is based on the assumption that the second wave of the spread of infection will not occur." I emphasized.
Many Japanese companies, mainly automobile and electronics manufacturers, have advanced into Thailand, and these companies are also being seriously affected.