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.
Leave a reply
Thai Consumer Confidence Drops to 11-Month Low Amid Political Uncertainty
The University of the Thai Chamber of Commerce's (UTCC) consumer confidence index fell for the fifth consecutive month in July...
Boosting Thailand’s Digital Trade Readiness: Insights from the Global Trade Modernization Index 2024
Thailand Digital Trade Ranks 32nd Globally, 3rd in ASEAN Thailand secured the 32nd position out of 65 countries in the...
New Thailand Finance Minister Signals Policy Shift, Markets Respond
Thailand's newly appointed finance minister, Pichai Chunhavajira, is signaling a significant shift in economic policy, sparking hope for a turnaround...
