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Thai GDP Growth Beats Expectations

Thai GDP Growth Beats Expectations

Thailand's economy grew more than expected in the first quarter, underpinned by resilient domestic demand and strong exports, while regional peers reported weaker growth due to the impact of the war in the Middle East. Gross domestic product logged an annual growth of 2.8 percent in the first quarter, the National Economic and Social Development Council said Monday.
RTTNews | vor 37 Tagen
Thai GDP Growth Accelerates On Domestic Demand

Thai GDP Growth Accelerates On Domestic Demand

Thailand's economic growth accelerated more than expected in the fourth quarter on strong domestic demand, official data revealed Monday. The annual growth in gross domestic product more than doubled to 2.5 percent in the fourth quarter from 1.2 percent in third quarter, the National Economic and Social Development Council reported. Economists had forecast the rate to ease to 1.0 percent.
RTTNews | vor 128 Tagen
Thai Central Bank Cuts Rate By 25 Bps

Thai Central Bank Cuts Rate By 25 Bps

Thailand's central bank lowered its key interest rate by a quarter-point on Wednesday as economic growth is forecast to moderate further amid subdued inflation. The Monetary Policy Committee of the Bank of Thailand unanimously decided to cut the policy rate by 25 basis points to 1.25 percent from 1.50 percent. Previously, the bank had lowered the policy rate by 25 basis points each in August.
RTTNews | vor 189 Tagen
Thailand GDP Growth Slows More Than Forecast

Thailand GDP Growth Slows More Than Forecast

Thailand's economic growth eased more than expected in the third quarter due to the fall in manufacturing output and softened tourism-related services, official data showed Monday. Gross domestic product grew 1.2 percent year-on-year in the third quarter, the National Economic and Social Development Council, or NESDC, said Monday. The annual growth was forecast to soften to 1.6 percent from 2.8
RTTNews | vor 219 Tagen