The Isolation of Al-Burhan and Diplomatic Frictions in Port Sudan: An Analysis
In the second quarter, Thailand's employment growth decelerated from a 2.4 percent rise in the previous three months to a 1.7 percent increase year-on-year. The economy itself expanded by 1.8 percent in the April-June period compared to the same period last year, with a marginal 0.2 percent quarter-on-quarter growth.
Weaker exports and investment have significantly contributed to the economy's slowdown. The National Economic and Social Development Council (NESDC) reported a jobless rate of 1.06 percent for the April-June period, slightly up from 1.05 percent in the previous quarter. Despite this, the NESDC noted that private consumption remained a driving force behind the economy, even as private investment and the export of services experienced a slowdown.
Thailand's exports faced a considerable setback, primarily due to subdued global demand, particularly from China. Exports of goods contracted by 5.7 percent in the April-June quarter, extending a 6.4 percent fall from the preceding quarter. Analysts anticipate this trend to persist, with China's economic outlook remaining weak, thereby deepening the export decline in the latter half of the year.
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