Thailand’s GDP in Q4 exceeds economists’ forecasts
Thailand’s economy grew at a faster pace in the fourth quarter of 2018 than the previous three months, according to its National Economic and Social Development Council (NESDC).
Bangkok (VNA) – Thailand’s economy grew at a faster pace in thefourth quarter of 2018 than the previous three months, according to itsNational Economic and Social Development Council (NESDC).
In the period, gross domestic product rose3.7 percent, higher than a revised 3.2 percent in the third quarter and the 3.6percent as predicted by economists.
The economy expanded 4.1 percent for thewhole of 2018, compared with a revised 4 percent for the previous year.
The NESDC expects growth of between 3.5percent and 4.5 percent this year, driven by household spending, investment andtourism.
Private consumption and investment drovethe fourth-quarter growth as exports were hit by a slowdown in globaldemand, US-China trade tensions and strong Thai baht..
The Bank of Thailand, which kept itsbenchmark rate unchanged this month after the first hike in seven years inDecember, has said its “accommodative” monetary policy would remain appropriatein the period ahead.-VNA
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Illustrative image (Source: thailand-business-news.com) 
