World Economy

Thai Economy Picks Up

Thai Economy Picks UpThai Economy Picks Up

Thailand’s economy saw a slight pick-up in the first quarter of the year, data showed on Monday, as the junta-run nation recovers from a dip caused by the recent death of its long-reigning king, AFP reported. The first three months of the year saw gross domestic product expand 3.3% year-on-year, up from 3% the previous quarter. Thailand spent the close of last year plunged into a period of national mourning after the October death of 88-year-old King Bhumibol Adulyadej whose reign spanned seven decades. The subdued atmosphere hit consumption as the nation toned down celebrations and festivities as a mark of respect.

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