Tourism helped boost Thai economic growth in the first quarter. (Bangkok Post photo)
Thailand’s economy grew faster than expected in the first quarter supported by a pickup in agriculture and an easing of Covid-19 curbs, but higher inflation remained a drag on a fragile recovery.
The government cut its 2022 economic growth forecast to 2.5-3.5% from 3.5-4.5%, due to higher prices and slower global growth linked to Russia’s invasion of Ukraine. Last year’s expansion was revised to 1.5% from 1.6%, among the slowest growth rates in the region.
The economy, Southeast Asia’s second largest, expanded a seasonally adjusted 1.1% in the March quarter from the previous three months, data from the National Economic and Social Development…
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