Thai economy contracts in the third quarter due to pandemic effects

[webfact]

 

By Panithan Onthaworn

 

Thailand’s economy shrank by 0.3 per cent in the third quarter, year-on-year, the Office of the National Economic and Social Development Council (NESDC), the government’s planning unit, said Monday.

 

Thailand saw its gross domestic product (GDP) contract after recording a 7.6-per-cent growth in the second quarter, the council’s secretary-general Anucha Phichayanan said.

 

For the first nine months of 2021, Thailand’s GDP rose by 1.3 per cent. 

 

Full story: https://www.thaienquirer.com/34980/thai-economy-contracts-in-the-third-quarter-due-to-pandemic-effects/

 

-- © Copyright Thai Enquirer 2021-11-15

 

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[Gold Star]

Strange that the Thai Baht has strengthened in the last 6 weeks or so. Perhaps now it is due for a pullback with this new data print.

[ozzydon]

i am suprised its gone up at all with the baht being strong and the tourist merrygoround  but they know better keeping places closed to impress their mighty egos

[Isaan sailor]

Do I detect an admission that the rising Baht has a role to play in this?  Those of us on fixed pensions have certainly taken notice.

[hotchilli]

5 hours ago, webfact said:

Thailand’s economy shrank by 0.3 per cent in the third quarter, year-on-year, the Office of the National Economic and Social Development Council (NESDC), the government’s planning unit, said Monday.

And it will follow suit in the 4th quarter.

[Daithi85]

1 hour ago, Isaan sailor said:

Do I detect an admission that the rising Baht has a role to play in this?  Those of us on fixed pensions have certainly taken notice.

Yep the Thai baht has shot off like a rocket,no signs of slowing down. 

[Cake Monster]

6 hours ago, webfact said:

Thailand saw its gross domestic product (GDP) contract after recording a 7.6-per-cent growth in the second quarter, the council’s secretary-general Anucha Phichayanan said.

7.6 % in the second Quarter growth !

Who are they trying to actually fool.

[bangon04]

10 hours ago, Cake Monster said:

7.6 % in the second Quarter growth !

Who are they trying to actually fool.

It must be because the tourism industry is only 10% / 20% / 30%  (select as appropriate) of Thai GDP.........