Thailand Economy Grows at Fastest Pace in Over Four Years

Thailand’s economy grew at the fastest pace in more than four years, led by a surge in farming output and tourism.

Key Points

  • Gross domestic product rose 3.7 percent in the second quarter from a year ago after expanding 3.3 percent in the first quarter, the National Economic and Social Development Board said on Monday
  • The median estimate of 21 economists surveyed by Bloomberg was for growth of 3.2 percent
  • GDP rose a seasonally adjusted 1.3 percent in the second quarter compared with the previous three months, higher than the 1 percent median estimate in a Bloomberg survey

Big Picture

Thailand’s growth outlook has strengthened this year on the back of a recovery in global trade, but domestic demand continues to disappoint. More than three years after a military coup, political uncertainty has curbed the private sector’s appetite to invest, while consumer spending remains moderate.

Read more at: bloomberg