Thailand: GDP tops forecast but snags remain
Thailand’s second-quarter GDP growth expanded 0.9% quarter-on-quarter, and at a better-than-expected 7.5% year-on-year, versus a consensus forecast of 6.4% and JPMorgan’s estimate of 6.8%. Nonetheless, as a country highly reliant on tourism and with the continued limits on cross-border travel, we expect a full recovery in Thailand back to pre-Covid-19 levels to only be achieved […]
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