{"id":126365,"date":"2022-03-31T10:58:57","date_gmt":"2022-03-31T10:58:57","guid":{"rendered":"https:\/\/fin2me.com\/?p=126365"},"modified":"2022-03-31T10:58:57","modified_gmt":"2022-03-31T10:58:57","slug":"thai-march-economic-activity-pressured-by-rising-inflation-infections","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/thai-march-economic-activity-pressured-by-rising-inflation-infections\/","title":{"rendered":"Thai March economic activity pressured by rising inflation, infections"},"content":{"rendered":"
FILE PHOTO: A view of Bangkok’s port amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, June 21, 2020. REUTERS\/Athit Perawongmetha<\/figcaption>

BANGKOK (Reuters) – Thailand\u2019s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, after a recovery in the previous month, the central bank said on Thursday.<\/p>\n

Overall business activity was steady in March, while the baht depreciated following an escalation of the Russia-Ukraine conflict, the Bank of Thailand (BOT) said.<\/p>\n

Southeast Asia\u2019s second-largest economy should, however, remain on the recovery path, senior BOT director Chayawadee Chai-Anant told a news conference.<\/p>\n

The economy in \u201cthe first quarter recovered but not strikingly, compared with a very good fourth quarter,\u201d she said, adding the recovery was expected to continue in the second quarter of this year.<\/p>\n

The economy grew a faster-than-expected 1.9% in the fourth quarter of 2021 from a year earlier.<\/p>\n

On Wednesday, the BOT trimmed its 2022 economic growth forecast to 3.2% from 3.4% and raised its headline inflation to 4.9%, above its target range of 1%-3%, due to the impact of the war in Ukraine.<\/p>\n

In February, the economy recovered due to stronger exports and more foreign tourists after an easing of coronavirus curbs that also helped improve manufacturing, the BOT said in a statement here.<\/p>\n

Exports, a key driver of growth, rose 16.0% in February from a year earlier, with imports up 14.2% year-on-year, resulting in a trade surplus of $3.4 billion.<\/p>\n

The country recorded a current account deficit of $652 million in February after seeing a deficit of $2.2 billion in the previous month.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

FILE PHOTO: A view of Bangkok’s port amid the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand, June 21, 2020. 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