Thai Growth Unexpectedly Jumps as Officials Warn of War’s Impact

Thailand’s economic growth unexpectedly accelerated in the first quarter, though officials warned the conflict in the Middle East will spur inflation and damage tourism.

Gross domestic product in the three months through March rose 2.8% from a year earlier, the National Economic and Social Development Council said Monday. That exceeded the median estimate of 2.4% in a Bloomberg News survey, and the 2.5% expansion of the fourth quarter of last year.