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Thai GDP grows 2.7% as next government seen focusing on economy

Q1 figures released day after election reveal rising consumption, weak exports

Tourists dressed in traditional Thai costumes visit Wat Arun temple in Bangkok on Jan. 18.   © Reuters

BANGKOK -- The Thai economy grew 2.7% in the first quarter of 2023 from a year earlier supported by a strong recovery in tourism and rising consumption, but the gloomy global economic outlook still weighed on the nation.

In the January-March quarter, the country's gross domestic product grew from a 1.4% expansion in the previous quarter, according to the National Economic and Social Development Council.

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