Thailand GDP 3rd consecutive negative impact on Japanese companies Concerns over prolongation November 16 15:04
Thailand's GDP = gross domestic product from July to September was minus 6.4% compared to the same period last year, the third consecutive quarter of negative impact due to the impact of the new coronavirus, affecting Japanese companies entering the market. There is also concern that it will be prolonged.
Thailand's GDP growth rate from July to September, announced by the Thai National Economic and Social Development Commission on the 16th, was minus 6.4% compared to the same period last year.
Compared to April to June, when the impact of the new coronavirus caused a significant negative impact of over 12%, the extent of deterioration was smaller due to the relaxation of restrictions on economic activities, but for the third consecutive quarter. It became a minus of.
The main reason for this is that the consumption of foreign tourists, who have been dependent on them, has dropped significantly due to the strict restrictions on the entry of foreign tourists to prevent the spread of the infection.
Thailand resumed accepting foreign tourists only in part from last month, but it is not expected to return to the original level due to the spread of infection in Western countries.
The outlook for the growth rate of GDP for one year in Thailand is also forecast to be minus 6.0%, and there is concern that the impact on Japanese companies expanding into the local market will be further prolonged.