(MENAFN) On Monday, May. 17 official figures demonstrated that Thailand's economic expansion narrowed 2.6 percent from a year ago in the January-March period of this year as continued COVID-19 outbursts hit consumption and tourism industry.
Figures from the Office of the National Economic and Social Development Council showed that the narrowing advanced from a drop of 4.2 percent in the October-December period last year.
On a quarterly basis, Thailand’s gross domestic product (GDP) climbed a seasonally amended 0.2 percent in the first three months, in comparison with the previous quarter's expansion of 1.1 percent.
The condition has put the Thai administration into a dilemma of bolstering local demand and having fresh COVID-19 break out with the nation’s overall coronavirus caseload more than tripling in the last six weeks to 111,082 on Monday.
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