Thailand’s economy contracts for first time since 2014 | The Malaysian Insight

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Thailand’s economy contracts for first time since 2014

A worker wearing protective gear walks outside a closed shopping mall in Bangkok. – EPA pic, May 18, 2020.

THAILAND’S economy shrank for the first time in six years because of the Covid-19 pandemic, which has shuttered borders and devastated the tourism-reliant country. Some 40 million tourists were expected to arrive in Thailand this year, drawn to its sandy beaches, infamous nightlife and street food culture.

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