Thai economy could lose over $40 billion if virus crisis goes beyond second quarter
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BANGKOK (Reuters) - Thailand's economy is expected to lose 1.3 trillion baht (nearly $40 billion), almost all of it in the tourist sector, due to the initial impact of the coronavirus pandemic, a banking association said on Tuesday."But if the outbreak cannot be controlled within the current quarter, the impact will be bigger," Predee Daochai, chairman of the Thai Bankers' Association, said in a statement.However, a government package of economic measures worth 1.9 trillion baht should help..