Thailand Skipped Lockdown to Save Economy, But Growth Takes Hit (Bloomberg) — Thailand’s latest virus outbreak is likely to crimp consumer spending and delay a tourism revival, prompting warnings the economy may undershoot expectations for a rebound this year and next. Thailand hopes to avoid a full national lockdown to stem a wave of infections…
Thailand’s slow economic recovery Author: Juthathip Jongwanich, Thammasat University Thailand’s economic performance in the third quarter of 2020 showed promising signs of recovery amid the ongoing COVID-19 pandemic. The contraction in GDP fell to 6.4 per cent year-on-year, down from 12 per cent in the second quarter. Signs of recovery in key industries such as electronics…
Thai Air Asia says new Covid outbreak has destroyed business The executive chairman of Asia Aviation, the largest shareholder in Thai Air Asia, says the Covid-19 resurgence has destroyed the low-cost carrier. Tassapon Bijleveld says that even without a national lockdown, bookings have plummeted. “Travel sentiment has plunged lower than last year. This is different…
Thai Airways delays take off in 2021 | VIDEO Due to the current outbreak of Covid-19, Thai Airways, Thailand’s flagship airline, is reducing its international flight schedule until at least March 27. A limited schedule of domestic flights are still operating as normal under the airline’s domestic carrier Thai Smile. Thai Airways will reduce international…