Thailand GDP Eased On Domestic Weakness And High Base Effect

Economic Research	22 November 2016
Thailand
Economic Highlights
Thailand GDP Eased On Domestic Weakness And High Base Effect 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