BANGKOK, Might 15 (Reuters) – Thailand’s financial system expanded 2.7% within the first quarter from a yr earlier, official information confirmed on Monday, sooner than expectations, as personal consumption and tourism rebounded.
On a quarterly foundation, Southeast Asia’s second-largest financial system grew a seasonally adjusted 1.9% within the March quarter, information from the Nationwide Financial and Social Improvement Council confirmed.
Economists in a Reuters ballot had anticipated gross home product (GDP) to broaden 2.3% year-on-year and 1.7% quarter-on-quarter.
Reporting by Orathai Sriring, Kitiphong Thaichareon and Satawasin Staporncharnchai; Enhancing by Martin Petty
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