Central bank paints grim economic picture
The economy contracted at an accelerated pace in March due to Covid-19 measures, with sharp drops reported in almost all areas, according to the Bank of Thailand.
Inflation fell into negative territory for the first time since June 2017, said Don Nakornthab, senior director of the Economic and Policy Department.
Contraction was seen in all sectors, especially tourism (-76.4% year-on-year) and exports (-2.2%).
Bangkok Post Reporter
