/blog/2020/06/29 en /blog/2020/06/29/economic-impact-covid-19-thailand-and-its-policy-response <div class="field field-name-field-blog-picture field-type-image field-label-hidden"> <div class="field-items"> <div class="field-item even"><img src="/sites/default/files/styles/blog_pic_header/public/economic-impact-of-covid-19-on-thailand.png?itok=Nrt-U0MV" width="848" height="300" alt="Economic Impact of COVID-19 on Thailand and its Policy Response" title="Economic Impact of COVID-19 on Thailand and its Policy Response" /></div> </div> </div> <div class="field field-name-body field-type-text-with-summary field-label-hidden"> <div class="field-items"> <div class="field-item even"><p>In 2020, due to COVID-19 pandemic the real gross domestic product (GDP) of Thailand is expected to shrink, unemployment level to increase and current account balance to decline due to COVID-19 this year.</p> <p> Today we will be focusing on economic impact of COVID-19 pandemic on <a href="/countries/thailand" target="_blank">Thailand</a> and the social, fiscal, monetary and employment related policy measured taken by government –</p> <ol> <li> <h4> Impact of COVID-19 on Thailand Economy in 2020</h4> </li> <li> <h4> COVID-19 Containment Measures of Thailand</h4> </li> <li> <h4> COVID-19 Related Fiscal Policy Measures by Thailand</h4> </li> <li> <h4> COVID-19 Related Monetary Policy Measures by Thailand</h4> </li> <li> <h4> COVID-19 Related Employment Policy Measures by Thailand</h4> </li> <li> <h4> COVID-19 Related Social Policy Measures by Thailand</h4> </li> </ol> <div class="row"> <div class="col-md-4"> <a href="/market-research-reports-inc/thailand-pestle-analysis-macroeconomic-trends-market-research-report" target="_blank"><img alt="Thailand PESTLE Analysis &amp; Macroeconomic Trends Market Research Report" src="/sites/default/files/styles/image_370x472/public/pubimagesnew/thailand-pestle-analysis-market-research-report.png" style="height:100%; width:100%" /></a></div> <div class="col-md-4"> <a href="/market-research-reports-inc/thailand-swot-analysis-market-research-report" target="_blank"><img alt="Thailand SWOT Analysis &amp; Macroeconomic Trends Market Research Report" src="/sites/default/files/styles/image_370x472/public/pubimagesnew/thailand-swot-analysis-market-research-report_1.png" style="height:100%; width:100%" /></a></div> <div class="col-md-4"> <a href="/market-research-reports-inc/thailand-risk-analysis-market-research-report" target="_blank"><img alt="Thailand Risk Analysis &amp; Macroeconomic Trends Market Research Report" src="/sites/default/files/styles/image_370x472/public/pubimagesnew/thailand-risk-analysis-market-research-report.png" style="height:100%; width:100%" /></a></div> </div> <p>  </p> <p> <img alt="Economic Impact of COVID-19 Pandemic on Thailand" src="/sites/default/files/blogimage/impact-of-covid-19-on-thailand-economy.png" style="height:100%; width:100%" /></p> <h2> 1. Impact of COVID-19 on Thailand Economy in 2020</h2> <p> Thailand’s real gross domestic product (GDP) was THB 10,914.84 billion in 2019 and due to COVID-19 outbreak it is estimated to decrease by 7.7% to be around THB 10,074.40 billion in 2020.</p> <p> Thailand’s unemployment rate was 0.754% of total labor force in 2019. Due to slowdown in global economic activity due to...</p></div> </div> </div> <div class="nopremium-message"><p>The full content of this page is available to 91ÖÆƬ³§ reports premium members only. To gain access and know more about exclusive benefits, please visit 91ÖÆƬ³§ premium membership page at <a href="/premium">/premium</a></p> </div><div class="field field-name-taxonomy-wp-blog-tags field-type-taxonomy-term-reference field-label-inline clearfix"> <div class="field-label">Tags:&nbsp;</div> <div class="field-items"> <div class="field-item even"><a href="/blog-tags/premium-market-research">Premium Market Research</a></div> <div class="field-item odd"><a href="/blog-tags/state-economy">State of Economy</a></div> <div class="field-item even"><a href="/blog-tags/world-economy">World Economy</a></div> <div class="field-item odd"><a href="/blog-tags/covid-19">COVID-19</a></div> </div> </div> Mon, 29 Jun 2020 12:14:44 +0000 ambarish 2702407 at