Thailand: The COVID-19 Impact on the Thai Economy

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Thailand: The COVID-19 Impact on the Thai Economy

The COVID-19 outbreak beginning in January 2020 is now under control, but the economy is moving towards recession as businesses lose revenue and households lose income from supply chain disruption, particularly in tourism and exports. The government’s relief measures are unlikely to offset the contraction in aggregate demand in 2020.

Thailand: The COVID-19 Impact on the Thai Economy

COVID-19
East Asia and the Pacific, Thailand

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