Thailand’s gross domestic production in the first quarter of 2022 grew at a faster-than-expected rate at 2.2% from the same period last year, according to the official data showed on Tuesday. The growth of the Southeast Asia second-largest economy came from strong exports and the relaxation of Covid-19 restrictions despite higher inflation that affects domestic consumption.
The economic growth in 1Q22 beat expectations by economists that expected the Thai economy to grow 2.1% YoY. The economy grew at a seasonally adjusted 1.1% from the previous three months and also beat expectations by Reuters poll of 0.9% growth.
