Thailand's economic growth outlook was downgraded as the surge in infections and the slow progress in the vaccine rollout weigh on private spending and tourism.
Gross domestic product grew 7.5 percent year-on-year in the second quarter, reversing a 2.6 percent fall in the first quarter, the Office of the National Economic and Social Development Council said Monday. Economists had forecast an annual growth of 6.4 percent.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.