Thailand’s economy posts slower pace than expected in Q3
On a yearly basis, the country’s economy grew 0.6% when compared to the same period of 2013. Initial forecasts called for an increase of 1.8% on a quarterly basis and annual growth of 1.0% in a survey conducted by Reuters. Thailand’s weaker economic growth was attributed to lower exports and a contraction in the tourism sector. The country’s exports decreased 1.7% in the third quarter of this year because of slower global growth widely affecting the main sectors like autos and agriculture.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Can LDPE uptrend hold in Asia?
- Europe PVC prices lag behind global markets, upward pressure mounts
- PS, ABS markets take respite from rising streak in China, SEA
- Muted demand in Europe paves way for plenty of PP, PE offers in Turkey
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic