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Despite economic challenges, Thailand manages to avoid recession, according to economic experts.

Bangkok Post LogoBangkok Post3w ago

 Despite economic challenges, Thailand manages to avoid recession, according to economic experts. - Bangkok Post

Quick Summary:

The economy has avoided a technical recession, with the National Economic and Social Development Council (NESDC) reporting on Monday that the country’s economy in the first quarter still grew by 1.5% compared with the corresponding period last year.

Industrial production in the first quarter contracted by 3%, marking the sixth consecutive quarter of contraction.

Although the first two months of the first quarter saw a good level of export growth, March experienced a 10% contraction, said Mr Danucha.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-20 @ 19:21:00 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 716 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21033423

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About Bangkok Post

Bangkok Post Logo

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 10 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 6 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

Publisher Details

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The story " Despite economic challenges, Thailand manages to avoid recession, according to economic experts." was covered 3 weeks ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post is a fully independent (privately-owned) news outlet established in 1946 that covers mostly economy and business news.

The outlet is headquartered in Thailand and publishes an average of 10 news stories per day.

It's most recent story was published 6 hours ago.

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  • News ID: #21033423
  • URL: https://beamstart.com/news/thailand-has-escaped-recession-economic-1716214651

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