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Thailand’s protest leads to 1.5 billion dollars damage

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red shirt

The council of economic ministers today estimated that the red shirt demonstration would shave the gross domestic product by 0.64 percentage point, with damage of about Bt50 billion, if it continues for no longer than 3 months.

The estimation is based on the forecast GDP growth of 4.5 per cent, said Putthipong Punnakan, vice minister to the PM’s Office.

The red shirts started demonstration at Rajprasong on April 3. Businesses and their employees in the area have suffered from business closures, and been asking for the government's financial assistance.

via Red protest leads to Bt50 bn damage.

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