Thai Q4 GDP +1.8% q/q, stronger rebound than expected

Investing.com - Financial Markets Worldwide

Please try another search

Economic Indicators 25 minutes ago (Feb 20, 2022 08:55PM ET)

Thai Q4 GDP +1.8% q/q, stronger rebound than expected © Reuters. FILE PHOTO: FILE PHOTO: People visit shopping center to celebrate New Year Eve during the coronavirus disease (COVID-19) outbreak in Bangkok, Thailand December 31, 2020. REUTERS/Soe Zeya Tun

BANGKOK (Reuters) - Thailand's economy returned to growth in the final quarter of 2021, official data showed on Monday, as exports increased and domestic activity improved following an easing of coronavirus curbs and reopening to tourists.

Southeast Asia's second-largest economy expanded a seasonally adjusted 1.8% in the December quarter from the previous three months, data from the National Economic and Social Development Council showed, oustripping a forecast 1.4% increase in a Reuters poll, and after a revised seasonally adjusted 0.9% contraction in the third quarter.

From a year earlier, gross domestic product (GDP) grew 1.9% in October-December, beating a forecast 0.7% rise, and against a revised 0.2% contraction in the previous three months.

The economy expanded 1.6% in 2021, the data showed.

For 2022, the agency maintained its GDP outlook at 3.5%-4.5%.

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

ad


Source: https://www.investing.com/news/economic-indicators/thai-q4-gdp-18-qq-stronger-rebound-than-expected-2768065