KResearch forecasts the Thai economy may see a U-shaped recovery with GDP shrinking by 10 percent

Stocks and Financial Services Press Releases Friday August 28, 2020 13:44
Bangkok--28 Aug--KASIKORNBANK

Dr. Charl Kengchon (center)Executive Chairman, Ms. Thanyalak Vacharachaisurapol (second from left), KResearch Deputy Managing Director, Dr. Siwat Luangsomboon (right), KResearch Deputy Managing Manager, Ms. Nattaporn Triratanasirikul (left), KResearch Assistant Managing Director, and Ms. Kevalin Wangpichayasuk (second from right), KResearch Assistant Managing Director, together gave a press conference on the economic situation for the third quarter of 2020. KResearch holds view that the Thai economy has been mired in uncertainty in the midst of the COVID-19 pandemic, the strengthening Baht and the domestic political issues. The Thai economy may have seen its trough in the second quarter on a QoQ basis and GDP for 2020 is projected to see a 10-percent contraction. Meanwhile, the Thai economy may make a U-shaped recovery, compared to the same period of last year. The food and beverage, electrical appliance, hotel and restaurant sectors are still cause for concern.


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