BANGKOK Thailand's finance ministry on Thursday slashed its 2020 economic forecast to a record 8.5% contraction in gross domestic product from the 2.8% growth it projected in January, due to the impacts of the coronavirus pandemic.
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BANGKOK Thailand's central bank cut its benchmark interest rate for the third time this year to a record low as it expects a bigger annual contraction in Southeast Asia's second largest economy due to the fallout from the coronavirus pandemic.
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BANGKOK Thailand's economy contracted at its sharpest pace in eight years in the first quarter, pushing Southeast Asia's second largest economy into recession sooner than expected, as the coronavirius pandemic hit tourism and domestic activity.
BANGKOK Thailand's economic performance in the first quarter was not good and this quarter will be worse as the Southeast Asian country faces the full impact of the coronavirus pandemic, the deputy prime minister said on Friday.
BANGKOK Thailand's economy may shrink 3%-5% this year, sharply down from growth of 1.5%-2.0% projected in March, as the coronavirus pandemic hits global demand and domestic activity, a group of leading business associations in Thailand said on Thursday.
BANGKOK Thailand could expect a boost to its economic growth, investment and exports to help offset the negative impact of the new coronavirus pandemic if it participates in an Asia-Pacific trade agreement, the commerce ministry said on Monday.