Economic growth registered at 6.7% y/y in Q3/2010.

By bne IntelliNews November 23, 2010
Thailand's economy is likely to grow 6.7% y/y during the third quarter this year. As reported by Bangkok post, National Economic and Social Development Board (NESDB) secretary-general Arkom Termpitayapaisit stated that the economic growth in the last quarter contracted 0.2 per cent from the second quarter. The country's economy is expected to drop 0.3% in the fourth quarter due to the heavy flooding in many areas of the country, but the GDP for the entire year is expected to increase 7.9%. The country's GDP grew 9.3% in the first nine months of this year supported by continuous expansion in exports, domestic consumption at 4.9% and investment at 13.9%.

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