Thailand falls into recession as economy shrinks

Thailand has fallen into recession after the economy shrank unexpectedly in the second quarter of  the year.  The 0.3 per cent contraction in gross domestic product between April and June followed a previous fall of  1.7 per cent during the first quarter of  2013.  
Previously, Thailand had been recording strong economic growth, outpacing other economies in the region, with expansion of  more than 6 per cent during 2012.  
Many analysts had expected this performance to continue.