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Thai Q3 GDP grows 3.0 y-o-y, fastest pace in two years

The Star LogoThe Star4h ago

Thai Q3 GDP grows 3.0 y-o-y, fastest pace in two years - The Star

Quick Summary:

BANGKOK: Thailand's economy expanded 3.0% in the third quarter from a year earlier, official data showed on Monday, the fastest pace in two years and beating the median forecast of 2.6% growth in a Reuters poll of analysts.

The economy has struggled because of high household debt and borrowing costs weighing on consumption as well as sluggish demand from major trading partner China.

On a quarterly basis, Southeast Asia's second-largest economy grew a seasonally adjusted 1.2%, the National Economic and Social Development Council said.


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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 11:12:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23646133

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About The Star

The Star Logo

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 18 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 28 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

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  • News ID: #23646133
  • URL: https://beamstart.com/news/thai-q3-gdp-grows-30-17319006536918

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