Thai economic growth slips to 5-year low, virus to hit tourism


Rate cut: A worker leans on a scaffolding at a construction site in Bangkok

BANGKOK: Thailand's economy grew at its weakest pace in five years in 2019, as exports and public investments slowed, and the impact from the coronavirus epidemic is set to pile more pressure on Southeast Asia's second-largest economy this year.

The trade-dependent economy has been buffeted by the Sino-U.S. trade war, soft domestic demand and a delayed fiscal budget and drought. Tourism was one bright spot the authorities were hoping would help offset slowdowns elsewhere.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Malaysian stocks rise on optimism over coming Budget
Malaysia's trade records 10.2% jump, exceeding RM2T mark in 9M24
PHB explores collaboration on expanding IJN's healthcare facilities
Household spending to grow 5% y-o-y over 2025 to RM952.5bil - BMI
China's economy grows 4.6% in Q3, keeping stimulus calls alive
HeiTech Padu shares suspended pending material announcement
Ringgit opens marginally higher vs US$, traders await Budget 2025
Cautious mood prevails ahead of Budget 2025
Trading ideas: GenM, Varia, SC Estate, Salcon, AME REIT, Bintai Kinden, LKL, Zecon, Alpha IVF, Ancom Nylex, MAHB
HCM City at heart of plans for financial hub

Others Also Read