Despite having successfully contained the virus, which has allowed daily life in Thailand to return to normal quicker than in other parts of the region, the country is still set to be one of the worst-hit in the region this year, with GDP likely to fall by 9%.
Meanwhile, figures released today show that retail sales in Singapore fell by a massive 52% y/y in May. But with restrictions being eased, a strong rebound in consumption is likely.
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