Thai Q2 GDP beats forecast, up 2.3%

By Reuters

Aug 20, 2024 12:15 am

BANGKOK — Thailand's economic expansion accelerated in the second quarter due to stronger consumption, tourism and exports but quarterly growth slowed, with the outlook clouded by policy uncertainty following a change in government.

Gross domestic product grew 2.3 percent in the April-June quarter from a year earlier, National Economic and Social Development Council (NESDC) data showed, versus an upwardly revised 1.6 percent in the first quarter and beating 2.1 percent forecast in a Reuters poll.

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