Monday 16 November 2015

Thai Q3 growth tops forecast but recovery still weak

Thailand's economy grew more than expected in the third quarter but the outlook remained fragile with exports still contracting, putting pressure on the military government to boost weak domestic activity.

Southeast Asia's second-largest economy grew 1% in July-September from the previous quarter on a seasonally-adjusted basis, higher than the revised 0.3% in April-June and the 0.7% expected in a Reuters poll.

On an annual basis, growth was 2.9%, above the poll's 2.6% and second quarter's 2.8% , the National Economic and Social Development Board (NESDB) said on Monday.

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