Thailand's economic growth unexpectedly softened in the third quarter on falling government spending and weaker exports, the Office of the National Economic and Social Development Council said Monday. Gross domestic product grew 1.5 percent annually after rising 1.8 percent in the second quarter. The growth rate was forecast to improve to 2.4 percent.
Quarter-on-quarter GDP growth accelerated to 0.8 percent from 0.2 percent in the previous three months. Nonetheless, this was weaker than economists' forecast of 1.2 percent expansion.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.