In previous years,Thailand has tussled with weak exports resulting from the US-China trade war, further aggravated by a strong currency during the period and long-running political tensions. Its economic growth plummeted to nearly double between 2018 and 2019, from 2.4 to 4.2, respectively, according to the World Bank.This year, however, has been hampered by the Covid-19 pandemic, enfeebling the world's financial markets and indomitable economies, including that ofThailand. Recently, the resurgence of political unrest in the country is anticipated to further mar the economy. TheThai economy is projected to regress by 5 in 2020, according to World Bank's June country monitoring report, considering its openness to trade and its anchor to tourism, which accounts to about 15 of its GDP. General weak demand, globally and domestically, spurred by the outstretched lockdown measures, has impactedThailand's key industries including the automotive, travel, energy, manufacturing, and exports, to cite a few.
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