Thai second quarter growth pace seen faster than Q1 - ministry

[webfact]

Thai second quarter growth pace seen faster than Q1 - ministry

 

FILE PHOTO: A girl walks past a Skytrain (Bangkok Mass Transit System) construction site in Bangkok, Thailand May 13, 2018. Picture taken May 13, 2018. REUTERS/Soe Zeya Tun/File Photo

 

BANGKOK (Reuters) - Thailand's economy is expected to grow at a faster pace in the second quarter than in the first three months of the year as domestic consumption continues to increase and tourism improves, a finance ministry official said on Thursday.

 

Exports, a key driver of Thai growth, are likely to contract in the first half before recovering in the second half, helped by a low base last year, deputy spokesman Pornchai Theeravet told reporters.

 

Southeast Asia's second-largest economy expanded 2.8% in the first quarter from a year earlier, its weakest pace in more than four years, as government investment, exports and tourism slowed.

 

(Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Jacqueline Wong)

 

-- © Copyright Reuters 2019-05-30

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[Dania2019]

This is surly not right. Many people has problem

[neeray]

TAT must have had a hand in the reporting.

[Chris Lawrence]

What happened to all these projects that the Chinese were going to do? Money spent on the police stations? Dams, Trains, roads, bridges, water project in the big Pineapple (Bangkok).

[Srikcir]

3 hours ago, Chris Lawrence said:

What happened to all these projects that the Chinese were going to do? Money spent on the police stations? Dams, Trains, roads, bridges, water project in the big Pineapple (Bangkok).

I don't think China was making investments but rather making loaning funds to the government. That grows China's short term GDP rate at the expense of Thailand's (hopefully) long term GDP rate.

[Srikcir]

20 hours ago, webfact said:

Thai second quarter growth pace seen faster than Q1 - ministry

No, it is 'Thai second quarter growth pace expected faster than Q1 - ministry'

"seen' is past tense action but article clearly states

20 hours ago, webfact said:

Thailand's economy is expected to grow at a faster pace in the second quarter

 

[Mavideol]

Govt deficit grows

By snoop1130, 18 hours ago in Thailand News

very confusing for people (short brain) like me, maybe they can have growth while having deficit ???