FOREX TradingCharts.com

Financial News: Thai GDP Grows At Slowest Pace In 5

Thai GDP Grows At Slowest Pace In 5 Years

08/19/2019 - 00:10:00 (RTTNews)

(RTTNews) - Thailand's economic growth decelerated to a five-year low in the second quarter, the National Economic and Social Development Council said Monday.

Gross domestic product expanded 2.3 percent year-on-year in the second quarter, slower than the 2.8 percent increase seen in the first quarter. This was the weakest growth since the third quarter of 2014.

The slowdown was driven by domestic demand and foreign trade. Private spending rose 4.4 percent and government final consumption moved up 1.1 percent. At the same time, domestic investment gained 2.0 percent.

For the external sector, exports and imports of goods and services decreased 6.1 percent and 2.7 percent, respectively.

On a quarterly basis, the economy grew 0.6 percent after rising 1 percent a quarter ago.

The agency downgraded its growth outlook for 2019 to 2.7 percent - 3.2 percent from 3.3 percent - 3.8 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Homebuilder Confidence Unexpectedly Improves In September (01 hr(s), 24 min(s), 42 sec(s) ago)
(RTTNews) - Reflecting low interest rates and solid demand, the National Association of Home Build ...Full Story»

U.S. Industrial Production Rebounds Much More Than Expected In August (02 hr(s), 02 min(s), 42 sec(s) ago)
(RTTNews) - After unexpectedly reporting a modest drop in U.S. industrial production in the previo ...Full Story»

German Economic Sentiment Improves Sharply, Yet Economic Outlook Negative (02 hr(s), 42 min(s), 42 sec(s) ago)
(RTTNews) - Germany's economic sentiment improved strongly and at a faster-than-expected pace ...Full Story»

Hong Kong Jobless Rate Steady In August (04 hr(s), 45 min(s), 42 sec(s) ago)
(RTTNews) - Hong Kong's jobless rate remained stable during the June to August period, data fr ...Full Story»

Nigeria Inflation Slows In August (04 hr(s), 49 min(s), 42 sec(s) ago)
(RTTNews) - Nigeria's consumer price inflation slowed for the third straight month in August, ...Full Story»

German Economic Sentiment Improves Sharply; Tops Expectations (06 hr(s), 17 min(s), 42 sec(s) ago)
(RTTNews) - Germany's economic sentiment improved strongly and at a faster-than-expected pace ...Full Story»

SECO Cuts Swiss Growth Forecast On Slowing Global Economy, Uncertainty (07 hr(s), 05 min(s), 42 sec(s) ago)
(RTTNews) - Switzerland's economic growth forecast for this year was slashed on Tuesday, as th ...Full Story»

Sweden Jobless Rate Rises Unexpectedly (07 hr(s), 23 min(s), 42 sec(s) ago)
(RTTNews) - Sweden's jobless rate rose unexpectedly in August, figures from Statistics Sweden ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Homebuilder Confidence Unexpectedly Improves In September

09/17/2019 - 10:18 AM (RTTNews)
(RTTNews) - Reflecting low interest rates and solid demand, the National Association of Home Build ...Full Story>>

U.S. Industrial Production Rebounds Much More Than Expected In August

09/17/2019 - 09:40 AM (RTTNews)
(RTTNews) - After unexpectedly reporting a modest drop in U.S. industrial production in the previo ...Full Story>>

German Economic Sentiment Improves Sharply, Yet Economic Outlook Negative

09/17/2019 - 09:00 AM (RTTNews)
(RTTNews) - Germany's economic sentiment improved strongly and at a faster-than-expected pace ...Full Story>>

Hong Kong Jobless Rate Steady In August

09/17/2019 - 06:57 AM (RTTNews)
(RTTNews) - Hong Kong's jobless rate remained stable during the June to August period, data fr ...Full Story>>

Nigeria Inflation Slows In August

09/17/2019 - 06:53 AM (RTTNews)
(RTTNews) - Nigeria's consumer price inflation slowed for the third straight month in August, ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.