GDP rebounds, rising 0.3% in Q1
Signs positive for annual growth of 6%
- Published: 22 May 2012 at 00.00
- Newspaper section: Business
The Thai economy rose 0.3% year-on-year in the first quarter, an improvement from a contraction of 8.9% in the fourth quarter last year, following the recovery in all sectors after the flood.
The National Economic and Social Development Board (NESDB) maintained its full-year GDP projection of 5.5-6.5%.
Growth in the first quarter was driven by a recovery in manufacturing, domestic consumption, investment and tourism. After seasonal adjustments, the Thai economy grew by 11% compared to the previous quarter, rebounding sharply from the fallout of last year's devastating floods.
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