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Thailand’s GDP grows 2.8% in Q2

by ChemOrbis Editorial Team - content@chemorbis.com
  • 17/08/2015 (12:15)
According to data released by National Economic and Social Development Board, Thailand’s gross domestic product (GDP) grew by 2.8% in the second quarter of 2015 year over year in line with analysts’ preliminary expectations in a survey conducted by The Wall Street Journal. The country’s GDP growth was recorded at 3% in the first quarter on a yearly basis.

Meanwhile, the country’s economy grew by 0.4% on a seasonally adjusted basis in the second quarter compared with the first quarter. Analysts’ initial estimates had called for a growth rate of 0.2% on a quarterly basis. During the January-June period, Thailand’s economy grew 2.9% compared with the same period of the previous year. In the upcoming months, Thailand’s economy is expected to grow due to an increase in government spending and tourist arrivals while the economy is thought to be held back by sluggish exports.
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