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Thai Growth Slumps to Weakest Since 2014 as Trade War Takes Toll

Vendors sort through fruits and goods while sitting on sampans in a canal at a floating market in Damnoen Saduak, Thailand. — Vendors sort through fruits and goods while sitting on sampans in a canal at a floating market in Damnoen Saduak, Thailand.
Photographer: Eduardo Leal/Bloomberg

By

Suttinee Yuvejwattana

May 21, 2019, 2:39 AM UTCUpdated onMay 21, 2019, 3:40 AM UTC

Thailand’s economy grew at the slowest pace since 2014 in the first quarter as weaker global demand and trade tensions weighed on exports.

Gross domestic product rose 2.8% from a year ago, down from a revised 3.6% in the fourth quarter, the National Economic and Social Development Council said on Tuesday. That’s the slowest pace since the end of 2014. The expansion was in line with the Bloomberg survey estimate of 2.8%.