Thai Q4 GDP +1.8% q/q, stronger rebound than expected - Financial Markets Worldwide

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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%.

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