Thailand’s economy has recovered in the second quarter of this year from a recession during the first quarter, with a positive quarterly growth expected in the last quarter, according to the National Economic and Social Development Board (NESDB).
Dr.Ampon Kittiampon, secretary-general of the state planning agency NESDB, yesterday said the gross domestic product (GDP) in the April-June quarter contracted by 4.9 percent when compared with the corresponding period last year after it had fallen by 7.1 percent in the first quarter.
During the second quarter, Dr.Ampon said, the country’s seasonally adjusted GDP …

Thailand’s Ministry of Finance today said Thai economy is likely to contract by 3.0 percent or within the range of 3.5 and 2.5 percent this year.
Dr.Ekniti Nitithanprapas, director of Macroeconomic Analysis Group at the ministry’s Fiscal Policy Office (FPO), said on his behalf of the ministry’s spokesman that the Thai economy is projected to start recovering gradually after reaching its bottom during the first quarter of the year, mainly due to the government’s attempt to accelerate public consumption and investment expenditures through its stimulus packages.
However, Dr.Ekniti said, the country’s economy …

Thailand’s state planning agency, the National Economic and Social Development Board (NESDB), today said the country’s gross domestic product (GDP) contracted by 7.1 per cent in the first quarter of this year, putting Thai economy into a recession for the first time in a decade.
NESDB secretary-general Ampon Kittiampon said the 7.1-percent contraction when compared with the same period last year, further falling from 4.3 percent drop in the fourth quarter of last year, is the heaviest fall of the country’s economy since the financial crisis in 1997.
Ampon said the country’s economy during …