Somkid: Q1 GDP 'not good', Q2 will be worse

Somkid: Q1 GDP 'not good', Q2 will be worse

Thailand's economic performance in the first quarter was not good and the current quarter will be worse as the nation faces the full impact of the coronavirus pandemic, Deputy Prime Minister Somkid Jatusripitak said on Friday.

The key economic drivers of exports and tourism were weak as the global economy was not good, so the government needed to boost the domestic economy, he told a news briefing.

He did not give specific forecasts. Official first-quarter gross domestic product data will be released on May 18. 


Do you like the content of this article?
COMMENT (14)

Buri Ram village locked down

BURI RAM: The provincial communicable disease committee has ordered the 14-day lockdown of Ban Khok Sa-ad in tambon Pang Ku of Prakhon Chai district, where two people were found infected with Covid-19. One of them died.

11:36

Buyout offer

Gulf Energy Development, led by billionaire Sarath Ratanavadi, launches a 169 billion baht bid for Intouch Holdings, which controls the country's largest mobile phone operator, AIS.

11:25

Thailand adds 3 deaths, 1,390 Covid cases Monday

The government on Monday recorded three additional Covid-19 fatalities and 1,394 new infections, all but six transmitted inside Thailand. The kingdom has now logged 104 coronavirus deaths and 43,742 cases since the start of the pandemic in January 2020.

11:23