Forecast cut in Thailand, spill-overs from India

The outlook for Thailand’s economy has gone from bad to worse, with a sudden jump in COVID-19 cases leading to the introduction of new virus restrictions. We are cutting our forecast for Thai GDP growth this year from 3% to 2%. Meanwhile, the main spill-over of the crisis in India for the rest of the region will be through delays to vaccine rollouts, with Thailand, Sri Lanka and Bangladesh likely to experience the biggest disruption.

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