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Thailand Cuts Growth Forecasts After Disappointing Q3

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.

via CNBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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