THAILAND: GDP Rises More than Expected.
Last updated at:Nov-18 02:40By: Jamie Grant
Thailand
- Thailand’s third quarter GDP rose +3.0% YoY, up from +2.3% in Q2.
- Thailand’s seasonally adjusted QoQ GDP rose +1.2%, up from +0.8% in Q2.
- Government spending rose +6.3% YoY.
- Private consumption rose +3.4%.
- Estimates for the full YoY GDP result ranged from +0.4%YoY to +1.9% YoY.
- According to the Bangkok Post this morning, the government is poised to introduce an economic booster package at year-end, extending into 2025.
- According to Deputy Finance Minister, the economic stimulus committee is scheduled to meet on Tuesday to propose a major stimulus package starting around the end of 2024 (source Bangkok Post).
