THE IMPACT OF COVID-19 PANDEMIC ON ECONOMY OF THAILAND
Abstract
Thailand has been one of Asia’s worst-hit economies by the coronavirus in 2020. In terms of government actions, as a second wave strikes, the government is trying to avoid the economic damage of a full lockdown, finding the ways of fast economic recovery.
The present status of Thailand's economy is examined in this study, which considers GDP and its components such as consumption, investment, government expenditure, exports, and imports. Paper detected Thailand’s advantages and disadvantages based on conducting the comparative analysis of existing patterns of macroeconomic development, and socio-political aspects. It has been suggested the possible solutions and recommendations on how to improve the current economic state of the country.
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References
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The EUrASEANs
International College Suan Sunandha
Rajabhat University, Bangkok, Thailand
