Thailand’s Economy Expanded More Than Expected in Second Quarter

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Thailand’s Economy Expanded More Than Expected in Second Quarter

 by Suttinee Yuvejwattana 

 

BANGKOK: -- 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. 

 

Full story: https://www.bloomberg.com/news/articles/2016-08-15/thailand-s-economy-expanded-more-than-expected-in-second-quarter

 

-- Bloomberg 2016-08-15

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I've got an uncle who has an Elephant that does the backstroke  

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Keynesian economics. Worked so well for the US...