Tuesday, November 22, 2016

Thailand GDP Eased On Domestic Weakness And High Base Effect

Economic Research
22 November 2016
Thailand

Economic Highlights




Thailand’s 3Q GDP rose 3.2% y-o-y, softening from +3.5% in 2Q, dragged by steep deceleration in domestic demand. We maintain our expectations for Thailand’s GDP to grow 3.7% in 2017, from an estimated +3.1% this year.

By production, the manufacturing and construction activities eased moderately in 3Q and were responsible for most of the slowdown. Meanwhile, services output remained largely stable.


Economist:  Ng Kee Chou  | +603 9280 2179

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