The Thai economy likely posted a contraction of between 3.5% and 4% in the third quarter compared with the year before, according to Ekniti Nitithanprapat, a spokesman for the Finance Ministry. This would be a sharp improvement from the 4.9% year-on-year decline seen in the second quarter and the 7.1% contraction posted in the first quarter.
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The Demographic Advantage: Why Southeast Asia’s Economic Future Looks Promising
Southeast Asia's economic future looks promising, largely due to its demographic advantage. With a young and dynamic workforce, a burgeoning middle class, and rapid urbanization, the region is poised for sustained growth and development in the coming years. Discover how these factors contribute to Southeast Asia's bright economic prospects.
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