Thai July exports rise but Covid-19 curbs hit activity

Government expenditure increased 18% in July from a year earlier while exports rose 21.7% year-on-year.

BANGKOK: Thailand’s economy in July was increasingly impacted by the country’s worst Covid-19 outbreak and tighter restrictions that extended into August, but fiscal policy and exports lent some support, the central bank said yesterday.

The nation’s containment measures were imposed in July and August in Bangkok and other areas which account for about 80% of gross domestic product.