Thailand’s economy sees biggest second quarter contraction since Asian financial crisis


Source: scmp.com scmp.com

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Southeast Asia’s second-largest economy shrank 12.2 per cent in April-June from a year earlier, the biggest drop since 1998 The coronavirus pandemic has hit trade, tourism and exports, but the Thai government plans to add more stimulus measures this month Southeast Asia’s second-largest economy shrank 12.2 per cent in April-June as the coronavirus pandemic hit trade, tourism and exports. Thailand ’s economy saw its biggest annual contraction in 22 years and a record quarterly fall in the April-June period, as the coronavirus pandemic and restriction measures hit tourism, exports and domestic activity, prompting an outlook downgrade. Southeast Asia’s second-largest economy,...