Thailand: Thai growth dips in Q2

• Aug 16, 2016

Thailand: Thai growth dips in Q2

Tuesday, 16 August 2016 – THAILAND’S economic growth slowed in the three months to June, new figures released yesterday showed, days after a string of bomb and arson attacks struck the country’s crucial tourism sector.

High household debt, weakening exports, slumping foreign investment and low consumer confidence have cramped growth in what for years was Southeast Asia’s flagship economy.

A military junta seized power in 2014 vowing to end years of political instability and kickstart the lacklustre economy.

Thailand’s growth has since picked up slightly, mainly off the back of ramped-up government spending and continued tourist arrivals. But it remains comparatively low compared to its neighbours.

Figures released by the National Economic and Social Development Board showed second quarter GDP growth was up slightly at 3.5 per cent year on year. Read More?