Thailand's economy expanded at a weaker pace in the first quarter, the latest figures from the National Economic and Social Development Board showed Monday.
The gross domestic product expanded 5.3 percent year-on-year in the first quarter of 2013 compared to 19.1 percent growth in the fourth quarter of 2012. This was also weaker than the 6 percent growth expected.
Growth in private consumption, government spending, investment and exports slowed down sharply in the first three months of the year, data showed.
After seasonal adjustment, GDP decreased 2.2 percent on the quarter-by-quarter basis.
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