Thai GDP notches fastest growth in a year on eased Covid curbs

BANGKOK: Thailand's economy expanded at the fastest pace in a year in the second quarter as eased COVID-19 restrictions boosted activity and tourism, reinforcing views that more rate hikes will be needed to curb inflationary pressures.

Southeast Asia's second-largest economy is making a steady recovery after the lifting of pandemic curbs but still faces headwinds ranging from inflation at 14-year highs to China's slowdown and weaker global demand.