InfoQuest (September 1, 2020) – The Bank of Thailand (BOT) announced that Thailand's economy continued to improve in July 2020 driven by increased public spending and lifted lockdown measures, both in Thailand and abroad; private consumption indicators, merchandise exports value, and manufacturing production also exhibited lighter contractions.
Investment remained vulnerable reflected by falling investment indicators; tourism sector persistently experienced severe contractions and recessed sharply.
On the economic stability front, headline inflation recorded a softer negative, mainly from higher core inflation after some of the government's relief measures expired.
Labor market somewhat improved consistent with the economic activities, but overall employment saw a dim outlook. The current account turned imbalanced mainly contributed by gold exports, but capital and financial accounts were nearly balanced.
Source: InfoQuest, by Toboreu / Kasamarporn / Rachada, translated by Xinhua Silk Road
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