BENGALURU : Thailand’s economy likely grew at its fastest pace in a year last quarter, thanks to increased tourism as pandemic curbs eased, but the high cost of living and a slowdown in China pose threats to the outlook, a Reuters poll showed.
Growth in the tourism-dependent economy is estimated at 3.1 per cent year-on-year in the second quarter, according to the median forecast of 16 economists polled between Aug. 8 and 11, up from 2.2 per cent growth in the previous quarter.
However, on a quarterly basis, gross domestic product (GDP) grew a seasonally-adjusted 0.9 per cent, slowing slightly from 1.1 per cent in the preceding quarter, the median forecast from a smaller sample of 12 economists showed.
Forecasts ranged from 0.1 per cent to 1.3 per cent, highlighting uncertainties surrounding the recovery of Southeast Asia’s second-largest economy from the pandemic. The data are due…
