Thailand's economy expanded at a stronger-than-expected pace in the fourth quarter, data from National Economic and Social Development Board (NESDB) showed Monday.
The gross domestic product rose 18.9 percent year-on-year in the fourth quarter, accelerating from 3.1 percent growth in the third quarter. Economists expected GDP to increase 15 percent.
On a quarterly basis, the GDP rose 3.6 percent. In 2012 as a whole, Thai GDP grew 6.4 percent.
The planning agency forecasts the economy to grow 4.5 percent-5.5 percent in 2013.
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