Virus cuts at projected tourist incomeThailand is estimated to lose 80-100 billion baht in income, mainly from tourism, because of the deadly virus outbreak. (Photo by Pattarapong Chatpattarasill)Thailand is estimated to lose 80-100 billion baht in income, mainly from tourism, because of the deadly virus outbreak, shaving economic growth by 0.5-0.7 percentage points this year. The ban will take a heavy toll on tourism-related business such as airlines, tour guides, hotels and resorts, said Mr Thanavath. “The Chinese economy plays a vital role in the economies of other countries across the world,” he said. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, the economic planning unit of the Commerce Ministry, said the office has been closely observing the virus outbreak and expects minimal impact on Thai exports this year.

Source: Bangkok Post January 27, 2020 11:44 UTC