Thai PM ‘very worried’ about weak Q3 growth, plans more stimulus

Thai Prime Minister Srettha Thavisin said on Monday (Nov 20) he was “very worried” about much slower-than-expected growth in the third quarter, with the economy burdened by declining exports and government spending.

Gross domestic product (GDP) expanded 1.5 per cent in the July-September quarter from a year earlier, the National Economic and Social Development Council (NESDC) said, down from the 2.4 per cent growth predicted by economists in a Reuters poll.

“We were surprised by the number … (but) will keep working hard,” Srettha said, adding he had expected at growth of at least 2 per cent.

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