Thai March economic activity pressured by rising inflation, infections
A view of Bangkok’s port amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, June 21, 2020. REUTERS/Athit Perawongmetha
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- Feb exports +16% y/y vs +7.9% in Jan
- Feb private consumption -0.6% m/m, investment -0.9%
- Feb current acc. deficit at $652 mln vs $2.2 bln deficit in Jan
- C.bank says economy remains on recovery path
BANGKOK, March 31 (Reuters) – Thailand’s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, after a recovery in the previous month, the central bank said on Thursday.
Overall business activity was steady in March, while the baht depreciated following an escalation of the Russia-Ukraine conflict, the Bank of Thailand (BOT) said.
Southeast Asia’s second-largest economy should, however, remain on the recovery path, senior BOT director Chayawadee Chai-Anant told…
