Thailand's economic growth slowed more than expected in the fourth quarter as increases in household spending and investment were partially offset by declines in government spending and exports, official data showed on Friday.
Gross domestic product grew only 1.4 percent on a yearly basis in the fourth quarter, moderating from the 4.6 percent expansion in the third quarter, the National Economic and Social Development Council said. GDP was forecast to gain 3.5 percent.
Quarter-on-quarter, GDP dropped 1.5 percent, in contrast to the 1.1 percent expansion in the preceding period and also confounding economists' forecast of +0.5 percent.
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by Renju Jaya
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