Thailand’s economy grew much less than expected in the July-September quarter as exports contracted, forcing the authorities to again cut the country’s growth forecast for the year.
The weak outlook has raised new doubts the junta can quickly turn the economy around even after pledging to roll out infrastructure spending and other measures to boost consumption.
Southeast Asia’s second-largest economy grew 1.1 percent in the third quarter on a seasonally-adjusted basis from the prior three months, and 0.6 percent from a year earlier, the state planning agency said on Monday.
A Reuters poll of economists had forecast quarterly growth of 1.8 percent in July-September, and annual growth of 1.0 percent.
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