Thai GDP drops nearly 2% in first quarter

by Thailand Bloggers May 19, 2020, 11:55 am 517 Views

The economy sank by 1.8 per cent year on year in the first quarter, state think-tank the National Economic and Social Development Council (NESDC) said today (May 18).

The economic contraction in the first quarter was largely due to the Covid-19 fallout, said secretary-general Thosaporn Sirisumphand.In it’s full-year forecast, the Council said the economy would drop by 5 to 6 per cent, close to the 7.6 per cent contraction during the 1997 financial crisis.

Story Continues ?

Visit Direct Link

Also Read:

This post was created with our nice and easy submission form. Create your post!

Report

What do you think?

37 Points

Upvote Downvote

Posted by Thailand Bloggers

Thailand Bloggers is Thailand’s first community for thai and foreign bloggers who write about Thailand. Create your account and join our community. Let’s share and have fun here.