snoop1130 Posted January 16, 2020 Share Posted January 16, 2020 Thai fourth quarter GDP growth seen at 2.4%-2.5% - government official FILE PHOTO: Cars pass a Skytrain (Bangkok Mass Transit System) construction site in Bangkok, Thailand May 13, 2018. REUTERS/Soe Zeya Tun BANGKOK (Reuters) - Thailand's economy likely grew by 2.4%-2.5% in October-December from the same period a year earlier, a government official said on Thursday, roughly the same pace as the third quarter. Exports have been hit by global trade tensions and a sharply stronger baht currency <THB=TH>. Southeast Asia's second-largest economy has lagged most regional peers for years. Annual growth in July-September was 2.4%, following 2.3% in the previous quarter, the weakest pace in nearly five years. Thailand is in the middle of an economic downturn that would last for another 12-18 months, Kobsak Pootrakool, secretary to council of economic ministers, told a conference. "I think for the fourth quarter, when it comes out, it will probably be 2.4%-2.5%," he said. Official gross domestic product (GDP) data for the final quarter of 2019 and the full year is due on Feb. 17. The central bank forecast 2019 economic growth at 2.5%, a five-year low, and 2.8% for this year. -- © Copyright Reuters 2020-01-16 Follow Thaivisa on LINE for breaking Thailand news and visa info 1 Link to comment Share on other sites More sharing options...
ParkerN Posted January 16, 2020 Share Posted January 16, 2020 Oh dear... Link to comment Share on other sites More sharing options...
RichardColeman Posted January 17, 2020 Share Posted January 17, 2020 13 hours ago, snoop1130 said: Thailand is in the middle of an economic downturn that would last for another 12-18 months, Kobsak Pootrakool, secretary to council of economic ministers, told a conference. I think he is not factoring in when the business is gone it will take years to get back, not weeks 1 Link to comment Share on other sites More sharing options...
sammieuk1 Posted January 17, 2020 Share Posted January 17, 2020 The only thing growing here is the absurd prices for imported goods???? 2 Link to comment Share on other sites More sharing options...
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