The government has launched a pilot program to test, vaccinate and isolate factory workers to limit Covid-related disruptions to its export-driven manufacturing industry, one of the few bright spots in an economy crushed by the virus.
Recap: Global stocks tracked solid corporate earnings growth while Chinese equities slipped to their lowest in the month on concerns about regulatory crackdowns. Asian and emerging market shares also edged lower on Friday. The MSCI World Index gained 1.1% for the month.
Recession fears mount as cases rise
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FPO cuts GDP growth forecast to 1.3%
published : 30 Jul 2021 at 05:43
12 Asoke junction along Sukhumvit Road, usually jammed with traffic, is dead as people work from home during the lockdown. (Photo: Varuth Hirunyatheb)
Thailand will likely be the worst economic performer in Southeast Asia this year, with economists continuing to slash the country s growth forecast amid surging Covid-19 infections, mounting political tensions and fading hopes for a tourism revival, according to Bloomberg.
The Fiscal Policy Office (FPO) downgraded the country s 2021 economic forecast to 1.3% GDP growth, a dip from an April projection of 2.3%, on the assumption new infections of Covid-19 will peak in the middle of August, said director-general Kulaya Tantitemit.
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