Sri Lankan warm up during a practice session ahead of their first Test cricket match against Bangladesh in Chittagong on Tuesday.

Thai economy shrinks 2.6pc in first quarter

AFP, Bangkok :Thailand’s economy shrank in the first quarter, official data showed Monday, as it was battered by coronavirus restrictions that have hit the key tourism sector hard.The kingdom last year suffered its worst full-year performance since the Asian financial crisis of 1997 with a 6.1 percent contraction.The Office of the National Economic and Social Development Council (NESDC) said gross domestic product shrank 2.6 percent on-year in the first three months.The NESDC also gave a cool forecast for the recovery,...

18 May 2021, 12:00 am