Central bank says outbreak to cut GDP by up to 2%

central bank says outbreak to cut gdp by up to 2

Sumary of Central bank says outbreak to cut GDP by up to 2%:

  • Stricter containment measures have caused economic activity to plummet to levels close to those reached during a 2020 lockdown and is likely to fall further, senior director Chayawadee Chai-Anant told a briefing.
  • But there could be more fiscal measures, together with other factors such as exports to support the economy,” Ms Chayawadee said.
  • The central bank has fully implemented accommodative monetary policy and fiscal policy will be necessary to support the economy going forward, Ms Chayawadee said.

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