BENGALURU : A turnaround in exports and a further resurgence in tourism likely helped Thailand’s economy grow at its fastest year-on-year pace in a year in the July-September quarter, a Reuters poll of economists found.
Thailand’s economy grew 2.4 per cent in the third quarter, according to the median forecast of 16 economists in the Nov. 10-16 poll, up from 1.8 per cent in the previous quarter.
On a quarterly basis, gross domestic product (GDP) likely grew a seasonally-adjusted 1.2 per cent from 0.2 per cent in the second quarter, a smaller sample of forecasts showed.
After a year of contraction, exports in Southeast Asia’s second-largest economy rose 1 per cent in September, coinciding with a potential economic recovery in China, a major trading partner.
Tourism, which was off to a slow start this year has recuperated in recent months, boosting domestic consumption and the service…
