Forecasters: Economy probably shrank in Q1
Thailand’s economy probably shrank again in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks hurt consumption and tourism, slowing the pace of the economic recovery.
Southeast Asia’s second-largest economy, which is heavily reliant on tourism, is believed to have contracted 3.3% in the first quarter from a year earlier, according to the median estimate of 11 economists in the poll. It slumped 4.2% in the final quarter of 2020.
