Wednesday, April 01, 2020

Economy expected to contract 2%: TMB Analytics

Feb 17. 2020
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By THE NATION

The economy is expected to contract 2 per cent year on year in the first quarter, according to TMB Analytics chief Naris Sathapholdeja.

He said fourth quarter momentum last year into this first quarter is lower than expected.

However, the economy is expected to recover in the second quarter, propelled by the disbursement of the fiscal 2020 budget and the expected improvement of private consumption following the government’s continued stimulus packages.

Naris forecast economic growth of 1.8 per cent this year.

 

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