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Women wearing protective masks wait for a bus during rainy weather, after the government eased some protective measures following the coronavirus disease (COVID-19) outbreak in Bangkok, Thailand June 17, 2020. REUTERS/Jorge Silva BANGKOK: Thailand's economy is expected to contract between 5%-8% this year, deeper than the 3%-5% contraction projected in May, due to the impact of the coronavirus outbreak, a group of the country's leading business associations said on Wednesday. Despite the easing of virus restrictions, most economic indicators declined in May and June, weighed by the weak purchasing power of households and businesses, while tourism remains under pressure, according to a joint standing committee on commerce, industry and banking. "The economy is not good yet and job losses will increase," Kalin Sarasin, chairman of the Thai Chamber of Commerce, told a briefing. "Although businesses started to reopen, there is no income price.


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