Thailand’s pandemic-shattered economy suffered its worst full-year performance in more than two decades, data showed yesterday, with officials citing the toll of both a gutted tourism industry and ongoing political upheaval. Last year’s 6.1% contraction was the worst since a 7.6% decline during the Asian financial crisis in 1997 and officials said they expect the economy to expand at a much slower pace than initially predicted in 2021. The downgrade – to 2.5-3.5% growth from an previous estimate of 3.5-4.5% – came despite a slight improvement in the final three months of the year. “It has rebounded from the previous quarter due to the government’s stimulus package that boosted spending,” Da
Hence then, the article about thailand economy shrinks most since 1997 on tourism collapse was published today ( ) and is available onGulf Times ( Qatar ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Thailand economy shrinks most since 1997 on tourism collapse )