Thai economy contracts 6.4 per cent in third quarter
The economy shrank 6.4 per cent in the third quarter, the National Economic and Social Development Council (NESDC) said on Monday.
The gross domestic product in the third quarter however was an improvement from the 12.1 per cent contraction in the second quarter, as a result of improvements in total exports of goods and services, private investment, and private final consumption expenditure. Meanwhile, the government’s final consumption expenditure, and public investment both expanded continually, the NESDC, the state-owned think-tank, said.
The Nation Reporter
