BENGALURU : Thailand’s economic growth slowed in the fourth quarter as reduced exports and factory activity, together with tightening monetary conditions, curbed private consumption, a Reuters poll of economists found.
Growth in Southeast Asia’s second-largest economy was forecast at 3.5 per cent year-on-year in the October-December period, down from 4.5 per cent growth in the prior quarter, according to the median forecast of 19 economists polled Feb. 9-15.
On a quarterly basis, gross domestic product (GDP) was forecast to have grown a seasonally-adjusted 0.5 per cent, a significant slowdown from 1.2 per cent in the previous quarter, the survey showed.
Forecasts ranged from -0.3 per cent to 1.6 per cent, highlighting uncertainty surrounding Thailand’s growth outlook. The data will be released on Feb. 17.
“Challenging global external environment likely posed headwinds to the…
