Virus imperils Thai economy
We now see downside risks to Thailand’s growth outlook in 2020, given the impact from the coronavirus outbreak on the tourism industry and broader economic sentiment.
Our core view is Thai economic growth would rebound to 3.0% this year, following an estimated 2.5% expansion in 2019. This was based on an expectation for supportive fiscal measures, some improvement in household consumption and foreign investment, and looser monetary conditions to boost domestic activity.
