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InfoQuest

Thailand sees a higher economic decline in October

December 02, 2020


Abstract : The high base of October 2019 generated a surge year-to-year economic decline of Thailand in October 2020, and a larger contraction of private sector investment index, according to the Bank of Thailand.

InfoQuest (December 1, 2020) - The high base of October 2019 generated a surge year-to-year economic decline of Thailand in October 2020, and a larger contraction of private sector investment index, according to the Bank of Thailand.

With the end of temporary special long vacation, personal consumption index recovered its downward trend after a slight growth in September; exports (excluding gold) rose from last month, but fell even more compared with the figure of 2019.

Government spending was declining because of delays in official reimbursement, and international travel restrictions caused a significant drop in tourism.

Source: InfoQuest, by Toboreu / Rachada / Wilawan, translated by Xinhua Silk Road

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Keyword: Thailand's economy

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