Post by Deleted on Aug 16, 2016 6:46:37 GMT 7
Thailand’s economy grew more than analysts estimated in the second quarter as the military government accelerated spending on road and rail projects to help offset weak demand for the nation’s exports.
Gross domestic product expanded 3.5 percent in the three months through June from a year earlier, the National Economic and Social Development Board said in Bangkok Monday. That compares with the 3.3 percent median estimate in a Bloomberg News survey of 22 analysts. GDP grew 0.8 percent from the previous three months, compared with a 0.5 percent median estimate.
The central bank earlier this month kept its key interest rate unchanged, opting to preserve its scope for future action and allow time for the government’s fiscal spending to kickstart growth. While investor confidence was bolstered by the peaceful completion of a national vote on the constitution on Aug. 7, a series of bomb attacks in Thailand’s southern provinces late last week will test the resolve of a military government that has made security a top priority since seizing power in a 2014 coup.
thestandard.com.ph/business/213404/thailand-grew-3-5-2nd-quarter.html
Gross domestic product expanded 3.5 percent in the three months through June from a year earlier, the National Economic and Social Development Board said in Bangkok Monday. That compares with the 3.3 percent median estimate in a Bloomberg News survey of 22 analysts. GDP grew 0.8 percent from the previous three months, compared with a 0.5 percent median estimate.
The central bank earlier this month kept its key interest rate unchanged, opting to preserve its scope for future action and allow time for the government’s fiscal spending to kickstart growth. While investor confidence was bolstered by the peaceful completion of a national vote on the constitution on Aug. 7, a series of bomb attacks in Thailand’s southern provinces late last week will test the resolve of a military government that has made security a top priority since seizing power in a 2014 coup.
thestandard.com.ph/business/213404/thailand-grew-3-5-2nd-quarter.html
