Economy Shrinks 6.4% y/y in Q3, Less Than Expected

Thailand’s economy improved in the third quarter after the government eased restrictions on movement and implemented a series of stimulus measures while getting the country’s Covid-19 outbreak largely under control.

Gross domestic product (GDP) shrank 6.4% from a year ago, the National Economic and Social Development Council said Monday, recovering from the prior quarter’s revised 12.1% contraction at the peak of the outbreak. The figure was better than the median estimate of 8.8% contraction in a Bloomberg survey of 19 economists. The council also raised its full-year forecast to a 6% contraction, from an earlier estimate of a 7.3% to 7.8% drop. Read more…..

NinjaTrader-Download-Animated-728x90

Chart of the Day

Icarus TV

Steve Case, Chairman and CEO, Revolution LLC, speaks with Economic Club president David M. Rubenstein on Tuesday April 12, 2016.

Share This Post

Leave a Reply