Columbia International Affairs Online: Policy Briefs

CIAO DATE: 11/2012

Country Economic Forecasts: Thailand

May 2012

Oxford Economics

Abstract

GDP expanded by 11% on the quarter in Q1 in seasonally adjusted terms, recovering strongly after contracting by more than 10% on the same basis in Q4 when flooding decimated the manufacturing sector. But compared with a year earlier, the economy expanded by just 0.3% in Q1, illustrating the scale of the catastrophe.