Weak baht boosts trade, but higher inflation sapping purchasing power
BANGKOK — Thailand’s economy expanded 2.2% in the first quarter from a year earlier, its National Economic and Social Development Council (NESDC) said on Tuesday, as robust exports and the easing of COVID restrictions helped to boost business activities and revive tourism.
The spurt is higher than the 1.8% expansion for the fourth quarter. It beats the 2.1% median forecast of 15 economists polled by Reuters.
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