Thailand’s GDP growth relies on vaccine rollout, NESDC says
Thailand’s gross domestic product (GDP) in the first quarter of this year contracted by 2.6 per cent because the third wave of Covid-19 infections has hurt the economy and tourism industry, the National Economic and Social Development Council (NESDC) said on Monday.
However, it was a marked improvement from the 4.2 per cent contraction in the fourth quarter last year, NESDC secretary-general Danucha Pichayanan said.
He added that the NESDC had adjusted down the country’s GDP expansion forecast for this year to 1.5 to 2.5 per cent from 2.5 to 3.5 per cent.
The Nation Reporter
