Thailand’s GDP grows 2.8% in Q2
Meanwhile, the country’s economy grew by 0.4% on a seasonally adjusted basis in the second quarter compared with the first quarter. Analysts’ initial estimates had called for a growth rate of 0.2% on a quarterly basis. During the January-June period, Thailand’s economy grew 2.9% compared with the same period of the previous year. In the upcoming months, Thailand’s economy is expected to grow due to an increase in government spending and tourist arrivals while the economy is thought to be held back by sluggish exports.
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