News Snapshot:
Thailand's economic recovery may be the slowest in Southeast Asia, Nomura says By 0 SINGAPORE — The coronavirus pandemic and ongoing political protests have left Thailand’s economy in “pretty bad shape,†an economist told CNBC this week. “We know that it is very reliant on tourism and that sector has been decimated by the Covid-19 shock,†said Euben Paracuelles, chief Asean economist at Nomura. The “last thing†Thailand needs is something to weaken its recovery — and the protests do just that, with direct implications on spending. The recovery is coming, but it is very slow and it’s probably one...
