Thailand's economy slipped back into contraction in the third quarter on tight government restrictions, but the pace of downturn was slower than expected.
Gross domestic product fell 0.3 percent sequentially, in contrast to an increase of 7.6 percent in the second quarter, the Office of the National Economic and Social Development Council said Monday. Nonetheless, this was slower than the expected decline of 0.8 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.