Thailand’s GDP growth slows further in Q4
On a quarterly basis, GDP was up by 0.4% in Q4, which was mostly in line with the growth rate of 0.6% in the previous quarter.
For the full 2016, the country’s GDP was up by 3.2% when compared to 2.9% in 2015. This rate of growth matched the estimates of a growth of 3-4% for 2016.
Economists argue that the country’s economy might slow further in the following quarters in 2017 due to the slowdown in external demand, increasing household debt and political uncertainty.
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