Thai Economy Expands 0.3% QoQ in Q1


The Thai economy grew by 0.3 percent on a quarter-on-quarter seasonally adjusted basis in the first quarter of 2015, significantly slowing from a revised 1.1 percent expansion in the previous quarter, but better than market expectations of a contraction.

Year-on-year, the GDP advanced 3.0 percent, accelerating from a  downwardly revised 2.1 percent expansion in the December quarter and the fastest growth since the first quarter of 2013, missing market consensus.

The Thailand's government economic-planning agency (NESDB) cut its GDP growth forecast for 2015 to 3.0 percent to 4.0 percent from an earlier prediction of 3.5 to 4.5 percent. It also lowered the country's export growth forecast to 0.2 percent from 3.5 percent.


Thai Economy Expands 0.3% QoQ in Q1


NESDB l Rida Husna l rida@tradingeconomics.com
5/18/2015 10:01:40 AM