Thai GDP Growth Beats Estimates, Inflation View Revised Up
- Economy expanded 1.9% in fourth quarter, above 0.8% forecast
- Inflation at 1.5% to 2.5% seen as key pressure in 2022: NESDC
Khaosan Road in Bangkok.
Photographer: Luke Duggleby/BloombergThis article is for subscribers only.
Thailand’s economy grew faster than expected last quarter, buoyed by rising exports and tourist arrivals, firming its recovery as it faces risks this year from inflation and the omicron variant.
Gross domestic product during October-December rose 1.9% from a year ago, the National Economic and Social Development Council said Monday. That beat the median growth estimate of 0.8% in a Bloomberg survey, and compares with the prior quarter’s revised 0.2% contraction.