SINGAPORE — Recent protests in Thailand will be a "double whammy" for growth in the country, which has already suffered a blow from the Covid-19 pandemic, analysts say.
Mizuho Bank lowered its 2020 GDP growth forecast for the Southeast Asian country from -6.3% to -7.5%. The state of emergency will increase political uncertainty — and as it's happening during the pandemic — it will prove to be a "double whammy" to growth this year and in the medium term, Mizuho's Venkateswaran said.
He added that the Thai economy has "come to a standstill," with the government having been "lackluster" and mismanaging the economy.
horrible
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