Gross domestic product grew 7.4% year-on-year in the third quarter, surpassing the second quarter's revised 7.09% expansion, the government's General Statistics Office said in a report. "The world economy is stabilising as global trade in goods improves, inflationary pressures ease, financial conditions continue to loosen and labour supply increases," the statistics office said. "The storm brought an end to a period of strong growth in the sector," said Andrew Harker, director at S&P Global Market Intelligence. Consumer prices in September rose 2.63% from a year earlier, the statistics office said in its Sunday report. This year's growth is "supported by continued strong external demand, resilient foreign direct investment, and accommodative policies", the IMF said in a report.

Source: Bangkok Post October 06, 2024 16:45 UTC