Thai economy shrinks more than Asian financial crisis
A worker fixes a shop in Patpong, a red light district in Bangkok, on May 23, 2010 following anti-government protests. Thailand's prime minister said that Bangkok would get back to business on Monday after a massive clean-up, and defended a crackdown on protest rallies that unleashed a rampage of arson and looting. (AFP/Bay Ismoyo). Sketched by the Pan Pacific Agency.
BANGKOK, Aug 17, 2020, The Malaysian Insight. Thailand’s economy suffered its worst contraction since the Asian financial crisis more than two decades ago, data showed today, as the coronavirus shattered the country’s crucial tourism industry, The Malaysian Insight reported.
The kingdom has largely escaped the worst of the disease – registering 3,300 cases and 58 deaths despite being the first country outside China to register an infection in January.
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