Thai Q1 GDP grows 1.1%, beats expectations
2022.05.17 05:16
FILE PHOTO: People eat street food in Bangkok’s Chinatown, Thailand, March 17, 2022. REUTERS/Athit Perawongmetha
BANGKOK (Reuters) – Thailand’s economy grew faster than expected in the first quarter, official data showed on Tuesday, helped by stronger exports and an easing of COVID-19 curbs even as higher inflation affected consumption.
Southeast Asia’s second-largest economy expanded a seasonally adjusted 1.1% in the March quarter from the previous three months, data from the National Economic and Social Development Council showed, beating a forecast 0.9% increase in a Reuters poll, and after 1.8% growth in the final quarter of 2021.
On a yearly basis, gross domestic product (GDP) grew 2.2% in January-March, beating a forecast 2.1% rise, and against a revised 1.8% in the previous three months.
