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THAILAND: GDP Rises More than Expected. 

THAILAND
GlobalEM BulletBulletAPACEmerging Market NewsRegionThailand

 

  • Thailand’s third quarter GDP rose +3.0% YoY, up from +2.3% in  Q2.
  • Thailand’s seasonally adjusted QoQ GDP rose +1.2%, up from +0.8% in Q2.
  • Government spending rose +6.3% YoY.
  • Private consumption rose +3.4%.
  • Estimates for the full YoY GDP result ranged from +0.4%YoY to +1.9% YoY.
  • According to the Bangkok Post this morning, the government is poised to introduce an economic booster package at year-end, extending into 2025.
  • According to Deputy Finance Minister, the economic stimulus committee is scheduled to meet on Tuesday to propose a major stimulus package starting around the end of 2024 (source Bangkok Post).
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  • Thailand’s third quarter GDP rose +3.0% YoY, up from +2.3% in  Q2.
  • Thailand’s seasonally adjusted QoQ GDP rose +1.2%, up from +0.8% in Q2.
  • Government spending rose +6.3% YoY.
  • Private consumption rose +3.4%.
  • Estimates for the full YoY GDP result ranged from +0.4%YoY to +1.9% YoY.
  • According to the Bangkok Post this morning, the government is poised to introduce an economic booster package at year-end, extending into 2025.
  • According to Deputy Finance Minister, the economic stimulus committee is scheduled to meet on Tuesday to propose a major stimulus package starting around the end of 2024 (source Bangkok Post).