Indicators
Thai GDP Expands Amid Worries Over $14 Billion Stimulus
- Economic council sees 2024 GDP growth of 2.5% vs 1.9% in 2023
- Inflation expected to average below 1%-3% central bank target
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Thailand’s economy expanded at the fastest pace in five quarters, aided by tourism and exports, although a leadership change and uncertainty over a $14 billion stimulus plan cloud the outlook.
Gross domestic product in the three months through June rose 2.3% from a year earlier, the National Economic and Social Development Council said Monday. That compares with the 2.2% median estimate in a Bloomberg News survey and a revised 1.6% pace for the first quarter.