Recovery momentum picks up in Q3

Thailand’s economic recovery momentum gained traction thanks to quarter-on-quarter GDP growth in the third quarter, with exports and public investment expected as the main growth drivers for next year, says a research house.

GDP contraction has been upgraded to 6.4% from a 10.3% decline projected previously, attributed to an improved revision of all economic indicators, according to Krungsri Research, a research unit under Bank of Ayudhya.

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Somruedi Banchongduang