Thailand Showing Gradual Recovery as Export Slump Eases: ChartBy
Thailand’s economy grew at the fastest pace in three years in the first quarter -- at 3.2 percent compared to a year earlier -- as an export slump showed signs of easing. A stimulus plan of more than 600 billion baht ($17 billion) by the military government since September and rising tourism may help to sustain that recovery. But the trade-reliant economy isn’t out of woods yet with the statistics agency on Monday reducing its forecast for export growth this year to a decline of 1.7 percent compared with a 1.2 percent gain previously.
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