Thailand’s economy in July was increasingly impacted by the country’s worst Covid-19 outbreak and tighter restrictions that extended into August, but fiscal policy and exports lent some support, the central bank said yesterday. The nation’s containment measures were imposed in July and August in Bangkok and other areas which account for about 80% of gross domestic product. But some will be eased from today to help a flagging economy, as new infections drop.
In July, the impact of the Covid-19 outbreak on the Thai economy became more apparent with weaker consumption due to the curbs, the Bank of Thailand (BoT) said in a statement. Economic activity in August faced the same pressures as well as supply disruption caused by factors such as a labour shortage and outbreaks at factories, senior director Chayawadee Chai-Anant told a briefing.