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Thailand’s GDP rebounds, rising 0.3pc in Q1

The Thai economy rose 0.3 percent year-on-year in the first quarter, an improvement from a contraction of 8.9 percent in the fourth quarter last year, following the recovery in all sectors after the flood.

The National Economic and Social Development Board maintained its full-year GDP projection of 5.5-6.5 percent.

Growth in the first quarter was driven by a recovery in manufacturing, domestic consumption, investment and tourism. After seasonal adjustments, the Thai economy grew by 11 percent compared to the previous quarter, rebounding sharply from the fallout of last year’s devastating floods.

(Source: Bangkok Post)