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Thailand’s Economic Growth Turns Positive
Thailand's gross domestic product, which shrank 0.5% in January-March, expanded 0.4% in April-June, according to the country's Office of the National Economic and Social Development Board.
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Thailand's gross domestic product, which shrank 0.5% in January-March, expanded 0.4% in April-June, according to the country's Office of the National Economic and Social Development Board.
Analysts attribute the uptick to the calming effect of the military coup in May, which has fostered more confidence in the Thai economy.
Still, manufacturing output in the second quarter fell 1.6% compared with a decline of 2.7% in the previous three-month period. And sales of cars and pickup trucks during the quarter plunged 34% compared with the second quarter of 2013.
Year-on-year, the Thai economy grew 0.9% in the second quarter compared with a contraction of 1.9% in the previous quarter, according to the government office.
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