Thailand Cuts Economic Growth Forecast as Exports Falter

Thailand cut its growth forecast for the year after the economy expanded less than analysts estimated last quarter and as weakening exports damp the outlook for consumption and investment.

Gross domestic product rose 1.3 percent in the three months through September from the previous quarter, the National Economic & Social Development Board said in Bangkok today. It revised a contraction in the second quarter to no growth from the previous three months. GDP grew 2.7 percent from a year earlier, compared to a median estimate of 2.9 percent in a Bloomberg survey of 15 analysts.