· Thai economy shrinks less than expected, 2021 outlook raised as tourism revival eyed
Thailand’s economy contracted less than expected in the third quarter as businesses started a slow recovery from the coronavirus-driven slump in activity, while the reopening of the tourism sector raised hopes of a steady revival.
* Q3 GDP -1.1% q/q sa vs -2.5% in Reuters poll
* Q3 GDP -0.3% y/y vs -0.8% in poll
* Agency raises 2021 GDP growth outlook to 1.2% from 0.7-1.2%
* Sees 2022 GDP growth at 3.5%-4.5% (Adds govt official’s comment, context on stimulus)
Thai
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