Thailand Q2 GDP contracts 12.2% amid COVID-induced recession

Shut borders and business lockdowns hit Southeast Asia's second-largest economy

20200814 final bangkok tourism IMG_4587

The lack of foreign tourists has been a huge blow to Thailand's economy during the coronavirus pandemic. © Reuters

MASAYUKI YUDA and APORNRATH PHOONPHONGPHIPHAT, Nikkei staff writers

BANGKOK -- Thailand recorded the largest economic contraction in 22 years in the quarter ending June, keeping Southeast Asia's second-largest economy trapped in a coronavirus-induced recession.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.