Thailand pushes for “Ease of Doing Business” reforms – Business, Investment – Thailand Business News
The government has made improving the business environment in Thailand a key policy by setting…
As measures to contain the coronavirus and fear of contagion hit consumption and production, downside risks to our GDP growth forecast for China (A1 stable) have increased., says Moody’s Research Announcement.
For the rest of the world, the most immediate economic implications will manifest through a fall in tourist arrivals from, and weaker exports of goods to China, and transmission to and through economies integrated into the Chinese supply chain.
Our baseline assumption is that the economic effects of the outbreak will continue for a number of weeks, after which they will tail off and normal economic activity will resume. The direct impact of the outbreak on growth through multiple channels will centre on Asia Pacific (APAC) and potentially some commodity exporters globally.
By contrast, we estimate it will have a muted impact on countries in Europe and the Americas because of their more modest trade and tourism links to China.
GDP growth in neighbouring Hong Kong (Aa3 stable) and Macao (Aa3 stable) is likely to be significantly lower, driven by…