Pursuits
Thai Economy Gets Government Spending Boost While Exports Falter
- 2016 growth estimate cut to 2.8%-3.8% on weaker exports
- Full-year growth accelerated in 2015, 4Q growth eased
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Thailand’s economy grew more than analysts estimated in the fourth quarter as the military government’s series of stimulus measures started to bear fruit, countering a slowdown in exports.
Gross domestic product expanded 2.8 percent in the three months through December from a year earlier, the National Economic and Social Development Board said in Bangkok Monday. That compares with the 2.6 percent median estimate in a Bloomberg News survey of 22 analysts. GDP climbed 2.8 percent in 2015, more than the median forecast of 2.7 percent in a separate survey.