Economic growth slowed in tourism-reliant Thailand in Q4

Thailand’s economic growth slowed in the fourth quarter as reduced exports and factory activity, together with tightening monetary conditions, curbed private consumption, a Reuters poll of economists found.

Growth in Southeast Asia’s second-largest economy was forecast at 3.5% year-on-year in the October-December period, down from 4.5% growth in the prior quarter, according to the median forecast of 19 economists polled Feb. 9-15.

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