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Thursday, May 9, 2024

GDP up 1.8% in Q4 of 2021, stronger than expected

A traditional massage shop in the Pratunam area of Bangkok has decided to switch to selling vegetables after the closure of the parlour due to the Covid-19 pandemic. (Photo: Arnun Chonmahatrakool, Bangkok Post)

Thailand’s economy returned to growth in the final quarter of 2021, official data showed on Monday, as exports increased and domestic activity improved following an easing of coronavirus curbs and reopening to tourists.

Southeast Asia’s second-largest economy expanded a seasonally adjusted 1.8% in the December quarter from the previous three months, data from the National Economic and Social Development Council (NESDC) showed, outstripping a forecast 1.4% increase in a Reuters poll, and after a revised seasonally adjusted 0.9% contraction in the third quarter.

From a year earlier, gross domestic…

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