Thailand's economic growth eased more than expected in the third quarter due to the fall in manufacturing output and softened tourism-related services, official data showed Monday. Gross domestic product grew 1.2 percent year-on-year in the third quarter, the National Economic and Social Development Council, or NESDC, said Monday. The annual growth was forecast to soften to 1.6 percent from 2.8 percent in the second quarter. Quarter-on-quarter, the economy shrank 0.6 percent, offsetting the 0.5 percent expansion in the preceding quarter. This was the biggest fall since mid-2021.
The Thai economy expanded 2.4 percent for the first nine months from the previous year, data showed.
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