Thai economy emerges from recession in 2Q
Thailand's economy emerged from recession in the second quarter as increased government spending offset a slump in manufacturing and agriculture.
By Agencies |
BANGKOK: Thailand's economy emerged from recession in the second quarter as increased government spending offset a slump in manufacturing and agriculture.
The state planning agency says Monday that gross domestic product expanded 2.3 percent from the first quarter in seasonally adjusted terms. GDP had shrunk quarter-on-quarter the previous two quarters.
The agency expects the economy, Southeast Asia's second-largest, to shrink between 3 percent and 3.5 percent in 2009 compared with 2008.
The state planning agency says Monday that gross domestic product expanded 2.3 percent from the first quarter in seasonally adjusted terms. GDP had shrunk quarter-on-quarter the previous two quarters.
The agency expects the economy, Southeast Asia's second-largest, to shrink between 3 percent and 3.5 percent in 2009 compared with 2008.
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