Enter multiple symbols separated by commas

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


    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

  • Lottery ticket

    A thief who broke into the car of a Seattle couple left behind a million-dollar lottery ticket, NBC News reports.

  • The Lamborghini SpA Urus SUV.

    There's no shortage of luxury vehicle choices, but increasingly the wealthy are opting for high-end SUVs instead of traditional models.

  • Mike Trout #27 of the Los Angeles Angels takes a picture with fans before a game with Boston Red Sox at Fenway Park on May 23, 2015 in Boston, Massachusetts.

    MLB is using digital media initiatives like Snapchat and Web video to connect with younger viewers. Is it enough?

U.S. Video

  • Cramer: Here's the no. 1 play in cybersecurity

    Guarding Your Portfolio? "Mad Money" host Jim Cramer's got the number one pick for protection services in today's digital world.

  • Underestimate Cisco at own peril: Cramer

    Mad Money's Jim Cramer takes a look at the cybersecurity space to see if it could also protect your money.

  • Fly with LUV?

    While remaining profitable, Gary Kelly, Southwest Airlines chairman and CEO, tells Mad Money's Jim Cramer the company continues to focus on being a great airline and offering great customer service.