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Thai economy set bottom-out after Government reopens some businesses

Thai economy set bottom-out after Government reopens some businesses

13 Sept 05:42 Key points summarised by AI
  • The Thai economy has reached its lowest point, with GDP forecast to contract by 3-5%, but is expected to gradually improve as the government eases lockdown restrictions on businesses.
  • Despite domestic improvements, a full economic recovery will be prolonged due to the global pandemic's impact on tourism and exports, leading private sector bodies to propose 34 measures, including tax waivers for SMEs, to support businesses.
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