BANGKOK, May 15 (Reuters): Thailand s economy likely shrank in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks in the beginning of 2021 hurt consumption and tourism, slowing the pace of the economic recovery.
South-East Asia s second-largest economy, which is heavily reliant on tourism, likely contracted 3.3% in the first quarter from a year earlier, according to the median estimate of 11 economists in the poll. It slumped 4.2% in the final quarter of 2020.
On a quarterly basis, gross domestic product (GDP) likely shrank a seasonally adjusted 0.8% in the March quarter after posting growth of 1.3% in the fourth quarter of last year.
Thailand s GDP seen shrinking in Q1, outlook weak amid third virus wave: Reuters poll Toggle share menu
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Thailand s GDP seen shrinking in Q1, outlook weak amid third virus wave: Reuters poll Thailand s economy likely shrank in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks in the beginning of 2021 hurt consumption and tourism, slowing the pace of the economic recovery.
FILE PHOTO: Thai baht notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha
14 May 2021 06:11PM Share this content
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BANGKOK: Thailand s economy likely shrank in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks in the beginning of 2021 hurt consumption and tourism, slowing the pace of the economic recovery.
Q1 GDP seen at -3.3% y/y vs -4.2% in Q4/20 Q1 GDP seen at -0.8% q/q sa vs +1.3% in Q4/20 2021 GDP seen +2.1% vs -6.1% in 2020 Data due on Monday, May 17, at 0230 GMT
BANGKOK, May 14 (Reuters) - Thailand’s economy likely shrank in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks in the beginning of 2021 hurt consumption and tourism, slowing the pace of the economic recovery.
Southeast Asia’s second-largest economy, which is heavily reliant on tourism, likely contracted 3.3% in the first quarter from a year earlier, according to the median estimate of 11 economists in the poll. It slumped 4.2% in the final quarter of 2020.
State planning agency to announce official figures and downward revision of full-year outlook on Monday
published : 14 May 2021 at 18:02
8 The view from an empty hotel at Karon beach in Phuket, where authorities are still hoping they can start to welcome some foreign visitors in July. (Reuters Photo)
Thailand’s economy probably shrank again in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks hurt consumption and tourism, slowing the pace of the economic recovery.
Southeast Asia’s second-largest economy, which is heavily reliant on tourism, is believed to have contracted 3.3% in the first quarter from a year earlier, according to the median estimate of 11 economists in the poll. It slumped 4.2% in the final quarter of 2020.
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Softer food prices spur April CPI-based inflation to 3-month low, March industrial output jumps 22.4%
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May not sustain: The turnaround in manufacturing relates to the period prior to lockdowns, says Srivastava.
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SRIRAM MA
Softer food prices spur April CPI-based inflation to 3-month low, March industrial output jumps 22.4%
India’s retail inflation slowed to a three-month low of 4.29% in April, from 5.52% in March, helped by softer food prices as well as a base effect. Separately, industrial output surged by 22.4% in March, lifted by the statistical impact of the year-earlier period’s Index of Industrial Production (IIP) being significantly lower on account of the national lockdown to contain COVID-19 imposed that month, data from the National Statistical Office showed on Wednesday.