Business

Thai Q3 GDP grows 1.5% y/y, below forecast

Posted on Author TNR Staff Comment(1)

 

THAILAND’S economy expanded 1.5 percent in the third quarter from a year earlier, official data showed today (Nov. 20), slower than expectations.

On a quarterly basis, Southeast Asia’s second-largest economy grew a seasonally adjusted 0.8 percent in the July-September quarter, data from the National Economic and Social Development Council showed.

Economists in a Reuters poll had expected gross domestic product (GDP) to expand 2.4 percent year-on-year and 1.2 percent quarter-on-quarter.

CAPTIONS:

Top: A vendor sells pork at her stall at a market as Thailand is to inject 500 billion baht into the economy next year through its digital wallet policy, in Bangkok, Thailand, on October 2, 2023. File photo: Reuters/Athit Perawongmetha and published by CNA

Front Page: A view of Khlong Toei port on May 26, 2016. File photo: Reuters/Jorge Silva

Also read: Most disagree with borrowing 500 billion baht to fund digital wallet: Poll

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Rice farmers to get 1,000 baht subsidy per rai

 

TNR Staff
http://www.thainewsroom.com

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One Reply to “Thai Q3 GDP grows 1.5% y/y, below forecast”

  1. Pingback: GDP forecast to rise 3.8% partly due to digital wallet campaign – Thai Newsroom

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