Reported 5 days ago
Thailand's economy grew 3.0% in the third quarter, driven by improved exports and government spending, surpassing expectations. However, despite this growth, private consumption has slowed, prompting ongoing pressure for interest rate cuts. The government plans to meet soon to discuss further stimulus measures, including cash handouts, aiming to sustain the recovery into 2025. While public investment saw its first increase in six quarters, private consumption and investments remain weak, highlighting the economy's reliance on government spending amidst high household debt.
Source: YAHOO