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Protest-hit Thai economy slows in fourth quarter

Thailand's economy grew 0.6 percent in the final three months of 2013 compared with the same quarter a year earlier, data showed Monday, as political turmoil hit consumer confidence and tourism. With no end in sight to more than three months of anti-government protests, the National Economic and Social Development Board (NESDB) also trimmed its growth outlook for 2014. The fourth-quarter gross domestic product growth figure represents a sharp slowdown from the 2.7 percent year-on-year expansion in the previous quarter.

Thai economy grows 2.7% in third quarter

Thailand's economy grew at a lower-than-expected pace in July-September, data showed Monday as the government cut its forecast for the year while analysts warned political turmoil could inflict further damage. On a year-on-year basis, gross domestic product (GDP) expanded 2.7 percent in the third quarter of 2013, weaker than the adjusted 2.9 percent in April-June, the National Economic and Social Development Board (NESDB) said.

Thai economy grows 2.7% in third quarter

Thailand's economy grew at a lower-than-expected pace in -July September, data showed Monday as the government cut its forecast for the year while analysts warned political turmoil could inflict further damage. On a year-on-year basis, gross domestic product (GDP) expanded 2.7 percent in the third quarter of 2013, weaker than the adjusted 2.9 percent in April-June, the National Economic and Social Development Board (NESDB) said.

Thai economy shrinks in April-June

Thailand's economy shrank 0.3 percent in the three months to June, the second quarterly contraction this year, as lacklustre demand hit manufacturing and exports, data showed Monday. However, the slide from the previous quarter was better than the revised 1.7 percent contraction in the three months to March as the country recovers from devastating floods in late 2011 that swamped major factories.

Thai economy contracts in first quarter

Thailand's economy shrank 2.2 percent in the three months to March from the previous quarter -- the first contraction in more than a year -- as manufacturing output fell, official data showed Monday. The decline followed a blistering year-long recovery from devastating floods in late 2011 that hit major factories north of the capital Bangkok and caused a double-digit drop in gross domestic product (GDP). On a year-on-year basis, GDP expanded by 5.3 percent in the first quarter of 2013, the government's National Economic and Social Development Board (NESDB) reported.

Thai economy soars in Q4 on post-flood recovery

Thailand's economy enjoyed record growth in the fourth quarter of 2012 as industry recovered from the impact of the kingdom's worst floods in decades, official data showed Monday. Gross domestic product (GDP) soared 18.9 percent in the three months through December from the year-earlier period according to the government's National Economic and Social Development Board (NESDB). GDP rose 3.6 percent compared with the previous quarter. Strong domestic and international demand helped to drive the strong performance, said NESDB secretary general Arkhom Termpittayapaisith.
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