Vietnamplus

The fluctuating global economy and the trade war between China and the US which has reduced the export sector has caused the Thai economy in the first quarter of this year to grow at a slower pace, at 2.8 percent compared to 3.6 percent in the last quarter of 2018.

Thailand's first quarter growth has expanded by a 20-quarter high of 4.8 percent, according to the country's economic monitoring agency.

Thailand’s economy posted the strongest growth in five years in 2017 and is expected to maintain the outlook this year, driven robust exports and tourism.

The Bank of Thailand (BoT) has raised its forecast for the country’s economic growth in 2017 to 3.9 percent from 3.8 percent.

The Office of the National Economic and Social Development Board (NESDB) has forecast that Thailand's 2017 economy will expand by 3.9 percent and will continue its growth momentum into next year.

Thailand’s economy will grow at a rate of less than three percent this year, according to the country’s financial experts.

Thailand’s Gross Domestic Product (GDP) growth posted 3.2 percent in the first quarter of this year, the highest rate in the past three years.

Thailand’s economy grew by 3.2 percent in Q1 of 2016 compared to the same period last year thanks to government spending and tourism, the National Economic and Social Development Board said.