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Here’s Why Thailand’s Dire Economic Outlook Is the Worst in Asia


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3 hours ago, Misterwhisper said:

When GDP is set to decline 8.1%, does that mean the THB will finally adjust to a more realistic exchange rate than it is now?

Only if the government has to spend more than most other countries to get things back to normal but that doesn't seem likely. 

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The value of currency is a product of the productivity of the nation. A serious drop in productivity will result in a drop in the currency. Unless, the BOT decides to protect the currency  value. Most military would be opposed to a big drop in value.

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3 minutes ago, Lacessit said:

IMO 8.1% is a significant underestimate. I don't think the bank is factoring in ripple effects.

People will spend less, because they either don't have the money, or cannot get credit with no income. That does not bode well for the manufacturing industry.

GDP is measured by adding the sum of all spending in an economy, it must include everything:

 

https://econ101help.com/three-different-ways-to-calculate-gdp/

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