Thailand has escaped recession: economic body

The economy has avoided a technical recession, with the National Economic and Social Development Council (NESDC) reporting on Monday that the country’s economy in the first quarter still grew by 1.5% compared with the corresponding period last year.

Thai economy on brink of recession

However, the state planning unit predicted that the economy would grow by only 2.5% for the whole year, down from the previous estimate of 2.7%, due to potential risks from the US-China trade war.

Full story: Bangkok Post

Wichit Chantanusornsiri and Nareerat Wiriyapong
BANGKOK POST