The Thai economy likely posted a contraction of between 3.5% and 4% in the third quarter compared with the year before, according to Ekniti Nitithanprapat, a spokesman for the Finance Ministry. This would be a sharp improvement from the 4.9% year-on-year decline seen in the second quarter and the 7.1% contraction posted in the first quarter.
Thai Stocks, Trade & Investment Research > Blog > Thai Industry News > Thai Economy News > Contraction looks set to narrow in Q3
Contraction looks set to narrow in Q3
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The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
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