Bangkok (VNA), May 2 -- The Bank of Thailand estimates that the country grew by just 1% in the first quarter on both a quarterly and annualised basis, reported the Bangkok Post.

The Thai economy slowed in March as domestic demand and tourism softened after expanding well in the preceding periods, and partly because the benefits from the Easy E-Receipt campaign dissipated, the central bank said.

"Despite this slowdown, the economy showed signs of improvement in the first quarter compared to the previous one," it added, as cited by the daily newspaper. "But overall growth was likely to remain low on a year-on-year basis."

The country recorded a current account surplus of 1.1 billion USD in March, down from 2 billion USD in the previous m...