While higher inflation agitated Thais and slowed the country’s economy in March, the outlook remains a path towards recovery, according to the Bank of Thailand.
The Thai economy decelerated in March 2022 compared with February because of a reduction in domestic spending in the private sector, both in terms of consumption and investment, while activity in the manufacturing sector also decreased, the central bank’s senior director for economic and policy department Sakkapop Panyanukul said yesterday.
The central bank, reporting on the economic and monetary conditions for March and the first quarter of 2022, said the slowing economy in March on a month-on-month basis was…
