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COVID-19 Crisis Lowers Thailand s Growth, Continued Support for the Poor Needed

COVID-19 Crisis Lowers Thailand s Growth, Continued Support for the Poor Needed
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Thailand: Growth in Jobs Critical for Sustained COVID-19 Recovery

Date Time Thailand: Growth in Jobs Critical for Sustained COVID-19 Recovery Boosting labor productivity and labor market participation will help manage the challenge of an aging population, according to new World Bank Report BANGKOK, January 20, 2021 – Thailand’s economy was severely impacted by the COVID-19 pandemic and is estimated to have shrunk by 6.5 percent in 2020. Growth is projected to expand by 4.0 percent in 2021, according to Restoring Incomes; Recovering Jobs, the latest edition of the World Bank’s Thailand Economic Monitor,” launched today. The report stresses that sustained recovery in employment will be essential to helping the country bounce back in 2021 and 2022.

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