Furthermore, in 2009, the graph drops again. This is deficit as percentage of GDP and the recession until the average GDP is negative.
The reason is the global economy will enter a recession in 2009. Hence Thailand's economy would be severely affected as well. The hardest hit sectors would be the export and tourism sectors. Foods will be affected by the downturn of the global crop prices as well. As of now, the government's policy to support agricultural crops, farmers do not have much impact. The government is expected to spend 1-2 billion baht to control prices of agricultural crops. However, Unemployment is expected to rise by around 2.3 million people, bringing the total unemployment rate to about 10%. This would lead to severe economic and social problems.