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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This is surly not right. Many people has problem

TAT must have had a hand in the reporting.

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).

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.

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

 

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 ???