Bangkok, August 17 (Xinhua) Thailand’s gross domestic product (GDP) shrank by 12.2% in the second quarter of this year compared with the same period last year, according to data released by Thailand’s national economic and Social Development Commission on the 17th. According to toshapone, Secretary General of Thailand’s national economic and Social Development Commission, Thailand’s economic situation is very grim this year, and GDP is expected to shrink by 7.3% to 7.8%, the most serious contraction since the Asian financial crisis. The Thai economy is highly dependent on international trade and tourism. The new epidemic hit Thailand’s economy hard. Since April this year, the domestic epidemic situation in Thailand has been effectively controlled. However, due to the global spread of the epidemic, prevention and control measures have to be taken against entry personnel. The number of international tourists visiting Thailand in the second quarter was almost zero, and the tourism industry suffered heavy losses.