DATA SNAP:Thai 2Q GDP Down 4.9% On Year;Dow Jones Poll -4.9%

BANGKOK --Thailand's economy continued to shrink in the second quarter of this year, though at a slower pace, as exports and domestic demand remained in the doldrums, data released Monday showed.

Gross domestic product contracted 4.9% from a year earlier, compared with a 7.1% decrease in the first quarter, the National Economic & Social Development Board said.

In seasonally adjusted terms, GDP grew 2.3% from the first quarter, compared with a 1.9% decline in the first quarter.

The median forecast of nine economists polled by Dow Jones Newswires was for GDP to have shrunk 4.9% from a year earlier and increased 2.3% from the first quarter.