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Home News Asia

Thailand’s Economic Contraction Slows in Third Quarter

Kyodo News by Kyodo News
November 17, 2020
in Asia
Reading Time: 1 min read
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People wearing face masks buy sushi at a market in Bangkok on Sept. 12, 2020. / Kyodo

People wearing face masks buy sushi at a market in Bangkok on Sept. 12, 2020. / Kyodo

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BANGKOK—Thailand’s economy shrank 6.4 percent in the three months through September year on year, a smaller decline than the 12.1-percent contraction during the previous quarter, official data showed Monday.

On a seasonally adjusted basis, gross domestic product expanded 6.5 percent quarter to quarter, a reversal from the 9.9 percent contraction in the previous quarter, according to the Office of the National Economic and Social Development Council.

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