Thailand economy

Thailand’s economy hit hard by China-US trade war, strong baht and COVID-19

Thai exporters have been hit by the continued appreciation of the Thai baht. The currency’s strength was attributed to Thailand’s large current account surplus and foreign exchange reserves, supported by a strong economic base. BANGKOK – During a censorship debate targeting Prime Minister and Defense Minister General Prayut Chan-o-cha, Pheu Thai Party opposition MP for […]

Thailand economy

Thailand’s economy contracts most since 1997 due to collapse in tourism – World – The Guardian Nigeria News – Nigeria and World News

Thailand’s pandemic-wracked economy suffered its worst full-year performance in more than two decades, data showed Monday, with officials citing the toll of both a ravaged tourism industry and ongoing political upheaval. Last year’s 6.1% contraction was the worst since a 7.6% drop during the Asian financial crisis in 1997 and officials said they expected the […]