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Thursday, May 9, 2024

Economic growth slows, boosts stimulus case

Heavy traffic congestion under a crossover bridge in Bangkok. (File photo)

Thailand’s economic growth unexpectedly slowed in the third quarter as manufacturing slumped on weak exports, supporting the case for the government to proceed with its planned US$14 billion cash handout program.

Gross domestic product (GDP) in the three months through September rose 1.5% from a year earlier, the National Economic and Social Development Council (NESDC) said Monday. That is…

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