- Q3 GDP +4.5% y/y, in line with Reuters poll
- Q3 GDP +1.2% sa q/q vs +0.9% in poll
- Sees 2022 GDP growth at 3.2% vs previous 2.7-3.2% range
- 2023 GDP growth seen at 3.0-4.0%
BANGKOK, Nov 21 (Reuters) – Thailand’s economy grew at its fastest pace in over a year in the third quarter, as a revival in tourism, increased consumption and a pick-up in private investment boosted growth, but the state planning agency flagged global growth risks ahead.
Southeast Asia’s second-largest economy expanded 4.5% in the September quarter from a year earlier, data from the National Economic and Social Development Council (NESDC) showed on Monday.
That was up sharply from the April-July period and quarterly growth surpassed expectations, reinforcing bets for a rate hike this month.
While third-quarter growth was among the smallest in Southeast Asia, it was the fastest expansion since the second quarter of 2021 and the state planning agency forecast full-year 2022…
