BANGKOK (Reuters) – Thailand’s economy grew at its fastest pace in more than a year, official data showed on Monday, boosted by a revival in tourism and increased consumption, but the outlook was clouded by the risk of a global slowdown.
Southeast Asia’s second-largest economy expanded 4.5% in the September quarter from a year earlier, data from the National Economic and Social Development Council showed.
Economists in a Reuters poll had expected gross domestic product to rise 4.5% after increasing 2.5% in the second quarter.
On a quarterly basis, gross domestic product (GDP) grew a seasonally adjusted 1.2% in July-September, beating expectations for a 0.9% rise.
(Reporting by Orathai Sriring, Kitiphong Thaichareon and Satawasin Staporncharnchai; Editing by Ana Nicolaci da Costa)
