Thailand's GDP Growth Exceeds Forecasts on Domestic Demand
(Bloomberg) -- Thailand’s economy grew at a faster pace in the fourth quarter than the previous three months, as local demand helped to offset a slide in exports.
Gross domestic product rose 3.7 percent from a year ago, up from a revised 3.2 percent in the third quarter, the National Economic and Social Development Council said on Monday. The median estimate of 23 economists in a Bloomberg survey was for expansion of 3.6 percent.
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What Our Economists Say...“Thailand’s growth pickup in 2018 is unlikely to be sustained this year. Momentum may be damped by domestic risk from elections and external uncertainty from U.S. trade and monetary policies. Electoral turmoil in particular has scope to undermine the confidence of businesses and investors”-- Tamara Mast Henderson, Bloomberg Economics For more, see our Thailand Insight |
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- GDP rose a seasonally adjusted 0.8 percent in the fourth quarter compared with the previous three months, higher than the 0.7 percent median estimate in a Bloomberg survey
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