Covid-19 drives Thailand deeper into poverty
The World Bank forecasts it will take Thailand at least two years to resume its pre-Covid real growth level – already one of the lowest in the region at 2.8% in 2019 – while the pandemic promises to swell the growing ranks of the country’s poor, hitting the urban-based middle class the hardest.
In its latest economic monitor released on Tuesday (June 30), the World Bank predicted the Thai economy would contract by at least 5% this year, a modest projection compared with those of other multilateral institutions.
