If the US eventually chooses to impose only a 10% tariff on Thai imports rather than the announced 36%, Thailand’s gross domestic product (GDP) growth could reach 2.5%.

The Thai Ministry of Finance has indicated that the Thai economy may not reach a forecast growth of 3.8% next year due to a global economic slowdown, but said this year’s outlook should still be achieved.

Foreign visitors who were treated for COVID-19 in Thailand will be able to claim back medical expenses from the country’s hospitals, the Thai Ministry of Finance confirmed on March 19.

The Thai Ministry of Finance is working with the private sector to develop some 100 billion-THB worth support measures for affected persons and business operators, in the context of the global COVID-19 epidemic bringing significant disruption to both the Thai and global economies.

Private investment in Thailand was forecast to grow 4.6 percent in 2020, up from 2.7 percent predicted for 2019.