Motorbikes and cars pass by as vendors sell their wares along a road in Bangkok. Thailand’s economy is estimated to shrink 6.5 per cent in 2020 from the impact of Covid-19 pandemic. - AFP BANGKOK, Jan 23 (Bernama): Thailand’s economy is estimated to shrink 6.5 per cent in 2020 from the impact of Covid-19 pandemic.
However, it is projected to rebound to 4 per cent in 2021, according to World Bank’s Thailand Economic Monitor report.
The latest edition of the World Bank’s Thailand Economic Monitor, Restoring Incomes; Recovering Jobs,” said Covid-19 has severely affected the Thai economy, which was already weakening even prior to the global outbreak.