Thai economic growth slows in the third quarter
Thailand’s gross domestic product (GDP) expanded 1.5% in the third quarter from a year earlier, the National Economic and Social Development Council (NESDC) said on November 20.
This figure is lower than the 2.4% growth that economists predicted in a Reuters poll previously released and the 1.8% growth recorded in the second quarter.
Southeast Asia’s second-largest economy has faced sluggish global demand while investor confidence in Thailand dropped despite the end of a political deadlock following an election in May. The new government, which took office in August, has planned various stimulus measures.
