Thailand's year-on-year GDP growth fell to 3% in the third quarter from 4.4% in the second quarter due to export sluggishness and lower demand from China and the U.S. However, the government and central bank have been stepping in, "boosting household incomes, and that will certainly support private consumption," noted Matthew Circosta, an economist at Moody's Analytics in Sydney. Circosta also said a healthier global economy should revive exports in the coming year.

Related Summaries