fxstreet.com 16 Feb, 2021 12:00 am

Thailand: 2020 GDP contracted more than 6%

Thailand: 2020 GDP contracted more than 6%
UOB Group’s Economist Barnabas Gan reviews the latest GDP data in Thailand. Key Quotes “Thailand’s GDP fell 4.2% y/y (+1.3% q/q sa) in 4Q20, beating m

” “On the flipside, Thailand’s lacklustre external environment has been the chief source of economic weakness.Lastly, the expected recovery in Thailand’s external environment, led by the uptick in economic momentum in both developed and developing economies to-date, may support growth in 2021.UOB Group’s Economist Barnabas Gan reviews the latest GDP data in Thailand.Accounting for the latest data, Thailand’s full-year GDP plummeted 6.

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