Thailand’s Q3 GDP growth at its highest in 4 years
by ChemOrbis Editorial Team - content@chemorbis.com
According to media sources, Thailand’s GDP (gross domestic product) grew by 4.3% in the third quarter of 2017 when compared to the same period of 2016, surpassing the estimates of 3.8%.
The rate pointed to the fastest growth since the first quarter of 2013, the National Economic and Social Development Board showed. The latest expansion in GDP was attributed to the country’s rising exports and tourism sector.
Meanwhile, the country’s central bank, the Bank of Thailand, increased its economic growth forecast for 2017 to 3.8% from 3.5% while a growth of 3.8% is expected for the next year.
The rate pointed to the fastest growth since the first quarter of 2013, the National Economic and Social Development Board showed. The latest expansion in GDP was attributed to the country’s rising exports and tourism sector.
Meanwhile, the country’s central bank, the Bank of Thailand, increased its economic growth forecast for 2017 to 3.8% from 3.5% while a growth of 3.8% is expected for the next year.
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