Thai growth slows, exports falter
- Published: 19 Aug 2013 at 10.21
- Online news:
Thai economic growth slowed for a second quarter as exports cooled and local demand weakened, with rising household debt restricting the scope for monetary easing.
Gross domestic product increased 2.8% in the three months through June from a year earlier, after expanding a revised 5.4% in the previous quarter, the National Economic and Social Development Board said in Bangkok on Monday. The median of 16 estimates in a Bloomberg survey was 3.3%.
Southeast Asian countries in general have seen exports falter as growth slows in China, and Europe and Japan struggle to sustain economic recovery.
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