World

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).
Thailand’s GDP in Q4 exceeds economists’ forecasts ảnh 1Illustrative image (Source: thailand-business-news.com)

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
VNA
#Thailand #economy #gross domestic product #fourth quarter of 2018 #NESDC #Vietnam #Vietnamplus #Vietnam News Agency Thailand
Follow VietnamPlus

Related News

Thailand successfully implements SDGs launched by UN

Thailand successfully implements SDGs launched by UN

Thailand has been able to voluntarily implement the Sustainable Development Goals (SDGs), and has achieved many aspects, especially solutions to environmental problems and social disparities by applying the philosophy of sufficiency economy.

See more

Coordinating Minister for Economic Affairs Airlangga Hartarto answers questions from journalists on the sidelines of his official duties accompanying President Prabowo Subianto in St. Petersburg, Russia, on June 20. (Photo: ANTARA)

Indonesia concludes FTA talks with Eurasian Economic Union

Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.

Malaysia's Petronas Twin Towers (Photo: AFP)

Malaysia plans sales, service tax hikes

The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.

Philippines seizes 175 million USD meth haul

Philippines seizes 175 million USD meth haul

Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.

The exhibition stall of Vietnam News Agency at the National Press Festival 2025. (Photo: VNA)

Cuban journalist praises revolutionary press’s role in Vietnamese history

In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.

Permanent Secretary of the Thai Ministry of Commerce, Vuttikrai Leewiraphan. (Photo: thainews.prd.go.th)

Thailand engages USTR on five-point trade proposal

Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.

(Photo: Malay Mail/Firdaus Latif)

Malaysia sues Telegram over harmful content

This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.