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Thailand’s economic growth falls in Q2

by ChemOrbis Editorial Team -
  • 15/08/2016 (16:43)
According to data released by the National Economic and Social Development Board of Thailand (NESDB) today, Thailand’s economic growth decelerated in the second quarter, following bomb and arson attacks which impaired the country’s tourism sector.

After a military government started to rule the country in 2014, the country’s economy has increased slightly due to government spending and tourism. Data released by NESDB reveals that Thailand’s GDP growth in the second quarter increased 3.5% on a yearly basis while seasonally adjusted growth on a quarterly basis was 0.8%, falling from the first quarter’s 1%.

Economists comment that the bomb attacks which occurred in the south of the country last week might be a sign of a new violent phase of the ongoing political instability in Thailand.
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