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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.

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