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Thai economy seen extending recovery in Q3
Wed, Nov 18, 2009
Reuters

BANGKOK - Thailand's economy is expected to have grown further in the third quarter after emerging from its first recession in 11 years in the previous three months, a Reuters poll showed, as exports and manufacturing rebounded.

Eight economists estimated gross domestic product grew a median, seasonally adjusted 2.25 percent in the third quarter from the second, when it grew 2.3 percent following a 1.8 percent contraction in the first quarter.

Economists still expect GDP to have shrunk from a year before by 3.3 percent. They expect the economy to begin growing on an annual basis in the final quarter of this year and recover further next year.

Exports, equivalent to 60 percent of the country's US$260 billion economy, fell 17.5 percent in the third quarter from a year earlier after a 26.1 percent drop in the second quarter, reflecting some improvement in global demand.

Manufacturing output rose a seasonally adjusted 4.8 percent in the third quarter from the second, when
it jumped 10 percent from the January-March period.

 

 

 

 

 

 

 
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