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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.