Economic growth in the first quarter may contract compared with the previous quarter as there are solid signs of a downturn, but a recovery in exports and tourism is expected to revive momentum in the second quarter, says a senior Bank of Thailand official.
The sight of travellers and job seekers sleeping on benches at Mor Chit bus terminal has become commonplace. Thailand’s unemployment rate, at a decade-high, rose to 0.9% in January from 0.7% a year before. Sayant Pornnantharat
Declining domestic demand has depressed business operations, resulting in a decade-high unemployment rate.
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