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Thai economy slows as the country mourns late king www3.nhk.or.jp
Thailand's economy lost steam during the quarter ending in December. Cutbacks and curbed consumption occurred after the country went into mourning for the late King Bhumibol Adulyadej who died in October.
Thailand's National Economic and Social Development Board announced on Monday that the country's GDP expanded 3 percent during the quarter compared to a year before.
That's 0.2 percentage points lower than the previous quarter, and the lowest in a year.
A decrease in the number of tourists slowed down the overall economy. Personal consumption also slowed during the period to mark a growth of 2.5 percent compared to a year before.
But the planning agency expects the economy to expand between 3 to 4 percent this year, thanks to the brisk global economy.
Published Date:2017-02-21
