Thai economy is nearly in crisis, caretaker finance minister says

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BANGKOK: Thailand's economy is nearly in crisis due to declining exports and uncompetitive manufacturing, the country's caretaker finance minister said on Wednesday (Aug 21).

A vendor looks at a mobile phone at her fruit stall at a market, in Bangkok, Thailand, on Oct 2, 2023. BANGKOK: Thailand's economy is nearly in crisis due to declining exports and uncompetitive manufacturing, the country's caretaker finance minister said on Wednesday .

But quarter-on-quarter growth slowed to 0.8 per cent in the second quarter from the 1.2 per cent expansion in the previous three months.

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