Protest driving tourists away from Bangkok, economic survey finds | Bangkok Post: business

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UTCC: Shutdown will trim GDP growth

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If the Bangkok shutdown by the anti-government protesters is prolonged it will trim gross domestic product growth by 0.1-0.2%, the University of the Thai Chamber of Commerce (UTCC) said on Thursday. 

Thanavath Phonvichai, the university’s director of the Centre for Economic and Business Forecasting, said  the shutdown could cost the country  20 to 40 billion baht in overall economic damage.

He said the shutdown of the inner city by the People’s Democratic Reform Committee (PDRC) would affect three main sectors – domestic consumption, investment and tourism.

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