GO
Loading...

Thai Economy Grows at Fastest Pace in a Year

Thailand's economy grew a seasonally adjusted 1.5 percent in the third quarter, above
market forecasts and its fastest pace in a year, the state planning agency said on Monday.

The National Economic and Social Development Board also forecast GDP growth of 5.0 percent for the full year, up from a range of 4.2-4.7 percent in its September forecast.

Five economists surveyed by Reuters had estimated gross domestic product rose 1.1 percent in the third quarter, helped by healthy exports growth, compared with a revised 1.1 percent in the second quarter.

The quarterly expansion was the biggest since the third quarter of 2005, when the economy grew 1.9 percent.

Economists had forecast full-year growth would pick up to 4.7 percent from 4.5 percent in 2005.

Third-quarter GDP was 4.7 percent higher than a year earlier, weakening from a revised 5.0 percent annual rise in the second quarter and compared with market expectations of a 4.1 percent rise, the data showed.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • The Glass Ceiling

    Full-time working women still only earn about 77% of what men do in the same fields. A lawsuit in Silicon Valley is bringing renewed focus to that statistic. Vanity Fair Contributing Editor Bethany McLean on the equality fight for women's pay and promotion.

  • Man takes off work clothes on beach

    With Ruth Porat leaving Wall Street for Silicon Valley, Turney Duff takes a look at other ex-Wall Street friends and where they are now.

  • A group of scientists believe they've cracked the reason behind a big mystery: Why are beards so popular?

U.S. Video