KONTAN.CO.ID - BANGKOK. Thailand's economic fundamentals and fiscal position remain strong, the finance minister said on Wednesday, despite the fallout of the coronavirus pandemic on the tourism-reliant country. Southeast Asia's second-largest economy shrank 12.2% in the second quarter from a year earlier, the sharpest drop since the 1998 Asian financial crisis. Despite the unfavourable climate, Thailand's economic fundamentals remain solid on both the internal and external fronts, making Thailand one of the most resilient economies in the region, Predee Daochai told a business seminar.
Thai finance minister says economic fundamentals remain solid amid pandemic
KONTAN.CO.ID - BANGKOK. Thailand's economic fundamentals and fiscal position remain strong, the finance minister said on Wednesday, despite the fallout of the coronavirus pandemic on the tourism-reliant country. Southeast Asia's second-largest economy shrank 12.2% in the second quarter from a year earlier, the sharpest drop since the 1998 Asian financial crisis. Despite the unfavourable climate, Thailand's economic fundamentals remain solid on both the internal and external fronts, making Thailand one of the most resilient economies in the region, Predee Daochai told a business seminar.