Covid-19 casts two spells on Thai economy
The Thai economy contracted by 1.8 per cent in the first quarter from the same period last year or shrank by 2.2 per cent from the previous quarter after seasonal adjustment, the National Economic and Social Development Council has said.
This recession was driven by the Covid-19 outbreak, which essentially brought all travel and public activities to a halt. Though the lockdown helped slow transmissions, it also brought several economic activities to a complete stop, leaving many without an income or a job.
