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

Thailand's GDP contraction moderates to 6.4% in Q3

Worst days of COVID-19 are already past, economic planning agency insists

BANGKOK -- Thailand's economic contraction slowed in the third quarter as exports and domestic tourism started picking up from the pandemic-induced slump, the kingdom's economic planning agency said Monday.

Real gross domestic product shrank 6.4% on the year for the three months ended September, the Office of the National Economic and Social Development Council reported. GDP had fallen 12.1% the quarter before that -- the most since the second quarter of 1998, which logged a 12.5% contraction due to the Asian financial crisis.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

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