Why Thailand’s dire economic outlook is worst in AsiaImmigration officers stand in front of an empty arrivals hall at Suvarnabhumi airport amid the spread of the coronavirus disease on Friday. Yet its economic outlook is the darkest in Asia. The government is banking on increased domestic travel to save the tourism sector, with the coronavirus pandemic still keeping foreigners home. Efforts to kindle domestic tourism won’t offset the tremendous losses to this critical industry, which last year made up about one-fifth of Thailand’s economy. The central bank has showed concern about the baht’s strength, which hampers exports and will complicate the economic recovery.

Source: Bangkok Post July 07, 2020 00:11 UTC