Economy at risk of contraction in Q3: Krungsri Research

Thailand’s overall economy is at risk of contraction in the third quarter due to restrictions on economic activities to curb Covid-19 from spreading further, Krungsri Research revealed on Wednesday.

In its monthly economic report, Krungsri Research said the private sector’s consumption index in July contracted -5.3 per cent from the previous month after weakened purchasing power due to restricted economic activities under the government’s anti-Covid orders.

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The Nation Reporter