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BANGKOK, May 15 (Reuters): Thailand's economy likely shrank in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks in the beginning of 2021 hurt consumption and tourism, slowing the pace of the economic recovery. South-East Asia's second-largest economy, which is heavily reliant on tourism, likely contracted 3.3% in the first quarter from a year earlier, according to the median estimate of 11 economists in the poll. It slumped 4.2% in the final quarter of 2020. On a quarterly basis, gross domestic product (GDP) likely shrank a seasonally a...

Stock markets plunged in Thailand and around the globe on Thursday as investors panicked over the possibility of interest rates rising after US inflation surged 4% in April, exceeding targets.

Thailand's GDP seen shrinking in Q1, outlook weak amid third virus wave: Reuters poll Toggle share menu Advertisement Thailand's GDP seen shrinking in Q1, outlook weak amid third virus wave: Reuters poll Thailand's economy likely shrank in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks in the beginning of 2021 hurt consumption and tourism, slowing the pace of the economic recovery. FILE PHOTO: Thai baht notes are seen at a Kasikornbank in Bangkok, Thailand, May 12, 2016. REUTERS/Athit Perawongmetha 14 M...

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* Q1 GDP seen at -3.3% y/y vs -4.2% in Q4/20 * Q1 GDP seen at -0.8% q/q sa vs +1.3% in Q4/20 * 2021 GDP seen +2.1% vs -6.1% in 2020 * Data due on Monday, May 17, at 0230 GMT BANGKOK, May 14 (Reuters) - Thailand’s economy likely shrank in the first quarter of this year, a Reuters poll showed on Friday, as coronavirus outbreaks in the beginning of 2021 hurt consumption and tourism, slowing the pace of the economic recovery. Southeast Asia’s second-largest economy, which is heavily reliant on tourism, likely contracted 3.3% in the first quarter from a year earlier, according to the median es...