BANGKOK: Thailand's economy grew less than expected in the third quarter (Q3) owing to still-weak exports, officials said on Monday, as the government pushes a stimulus program that includes cash handouts worth about $14 billion. The National Economic and Social Development Council (NESDC) said gross domestic product grew 1.5 percent on-year in July-September, well off the 2.2 percent tipped by the NESDC and slower than the previous three months. The council said it now expected the economy to grow at the low end of a forecast 2.5 to 3.0 percent this year. New prime minister and former businessman Srettha Thavisin has promised a range of stimulus measures to spur the economy. He has also embarked on numerous foreign trips, seeking to attract much-needed fresh investment in the kingdom.

Source: Manila Times November 21, 2023 04:19 UTC