Thai's economy contracted by 9% in Q4 of 2011

Note: This section contains information in English only.
Source: BBC
Thailand's economy shrank in the last quarter of 2011 amid severe flooding that impacted manufacturing activities of the country. The GDP contracted by 9% in Q4 of 2011 on a yearly basis and by 10.7% from the previous quarter, reported the NESDB. However, despite weaker than expected performance, the NESDB raised the economy's expansion outlook from between 4.5% and 5.5% to between 5.5% and 6.5% in 2012.


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