GDP growth slows to 0.1% in Q3

GDP growth slows to 0.1% in Q3

A view of the port of Bangkok. (Photo: Reuters/file)
A view of the port of Bangkok. (Photo: Reuters/file)

Thailand's trade-dependent economy grew at its slowest quarterly rate in a year in the third quarter, official data showed on Monday, leading the government to cut this year's growth estimate once again.

Southeast Asia's second-largest economy expanded 0.1% on a seasonally adjusted basis, the weakest rate since a contraction in the third quarter of 2018, the National Economic and Social Development Council said.

That met the forecast 0.1% growth in a Reuters poll, and compared with the June quarter's revised 0.4% pace.

On an annual basis, gross domestic product (GDP) rose 2.4% in the third quarter, less than the forecast 2.6%. In April-June, growth was just 2.3%, the weakest pace in nearly five years.

The government lowered its 2019 GDP estimate to 2.6%, down from 2.7-3.2% forecast in August.

Do you like the content of this article?

Screening limited

Officials at Suvarnabhumi Airport await more information from Chinese authorities before deciding whether to expand virus screening, while Beijing bans all outbound group tours.


Key ministries to review virus measures Sunday

Public Health Minister Anutin Charnvirakul will meet with senior officials from three ministries on Sunday to come up with measures to stop the spread of coronavirus from China.


Four senior cops shifted after Roi Et pub raids

ROI ET: Four senior police from Muang police station have been transferred following a raid on two popular pubs where more than 200 patrons were underage drinkers.