Thailand's GDP Growth Exceeds Forecasts on Domestic Demand

Thailand’s economy grew at a faster pace in the fourth quarter than the previous three months, as local demand helped to offset a slide in exports.

Gross domestic product rose 3.7 percent from a year ago, up from a revised 3.2 percent in the third quarter, the National Economic and Social Development Council said on Monday. The median estimate of 23 economists in a Bloomberg survey was for expansion of 3.6 percent.