Bank of Thailand said impact of coronavirus outbreak would be the hardest in the first quarter while reassuring that the economy would expand by 3 per cent next year.
BOT Senior Director of Economic and Policy Department, Don Nakornthab said on Monday that Gross Domestic Product growth stood at 2.4 per cent in the last quarter of 2019, while the National Economic and Social Development Council put GDP expansion at 1.5-2.5 per cent this year.“BOT estimated GDP growth in the fourth quarter at 2.5 per cent, and at 2.8 per cent this year”.“Thailand's economy fell sharply, mainly due to drought and delay of the fiscal 2020 budget, ” he said.
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