Asia

Thailand’s Economic Contraction Slows in Third Quarter

By Kyodo News 17 November 2020

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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