Thailand GDP Data Will Show If It Steered Away From Recession In Second Quarter
Thailand, whose economy shrank in the first quarter, on Monday will report April-June data that authorities hope will show it avoided recession and is getting positioned for significant growth in the next year. The state planning agency will announce second-quarter gross domestic product numbers at 0230 GMT. In the first quarter, the economy contracted 2.1 percent from the previous three months, as a political crisis hit consumption, confidence and tourism. Some pillars of the Thai economy remain shaky, but the country likely avoided shrinkage in April-June after the army took power on May 22 in a bid to end political tensions and get state and private spending going again.
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