ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Economy

Thai economy back on track with 2.2% growth in Q1 as exports surge

Weak baht boosts trade, but higher inflation sapping purchasing power

Thailand's exports, which expanded 19.5% in March alone, drove economic growth in the first quarter of 2022.   © Reuters

BANGKOK -- Thailand's economy expanded 2.2% in the first quarter from a year earlier, its National Economic and Social Development Council (NESDC) said on Tuesday, as robust exports and the easing of COVID restrictions helped to boost business activities and revive tourism.

The spurt is higher than the 1.8% expansion for the fourth quarter. It beats the 2.1% median forecast of 15 economists polled by Reuters.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more