3.7 SOUTHEAST ASIA - Thailand

Affected by the national blockade policy, the GDP of Thailand’s economy, which is mainly driven by tourism and foreign trade, fell by 6.8% year on year during the first three quarters. Since the third quarter of 2020, the Thai economy has improved slightly, but overall it shrank by 6.4%. In the fourth quarter of 2020, the Thai economy continued its recovery trend in the third quarter.