Economy ‘to shrink 7%-9% this year, protests a worry’Panupong Jadnok, one of the student leaders of the United Front of Thammasat and Demonstration gestures after a news conference about a protest they will hold on Sept 19, at Thammasat University in Bangkok on Wednesday. (Reuters photo)Thailand's economy is expected to contract between 7% and 9% this year from the impact of the coronavirus pandemic, while frequent anti-government protests are a concern, a group of top business associations said on Wednesday. "The economy is still very weak," Payong Srivanich, chairman of the Thai Bankers' Association, told a briefing. The number of visitors from overseas is expected at only 6.7 million this year after last year's record 39.8 million, according to the state planning agency. If it goes much further, it will affect the economy... foreign investors have already slowed their investment," he said.

Source: Bangkok Post September 09, 2020 11:03 UTC