'Moderate' virus impact on Thai GDPThe novel coronavirus could lower Thailand's nominal GDP by 0.09-0.13% if the outbreak lasts longer than three months but less than six months, says Kasikorn Research Center (K-Research). "For Thailand, the impact is moderate," the research house under Kasikornbank said in a note. Thailand's economy relies on China economy at a medium level, while Vietnam, Singapore, Laos and Cambodia have high exposure to the mainland, K-Research said. In the event that the virus crisis lasts six months, it could lower the Chinese economic growth forecast by one percentage point, to 4.7% this year. K-Research predicts an Asean economic loss of $2.4-3.4 billion, accounting for 0.07-0.11% of Asean's GDP, for every one-percentage-point decline in Chinese economic growth.

Source: Bangkok Post February 12, 2020 23:03 UTC