Global demand pulling along Thai economy: Moody’s Analytics

Economy November 17, 2017 14:53

By The Nation



Although the Thai economy has struggled in recent years as political uncertainty and weak private investment have undermined economic activity, the synchronized upturn in global demand helped the economy expand, according to Moody’s Analytics.

During the first half of 2017, the Thai economy grew by 3.5 per cent year-over-year, following a 3.1-per cent rise in the second half of 2016.

On the back of a 9.3-per cent year-to-date lift in exports compared with the same period last year, Thailand’s economy likely expanded 4 per cent year-over-year in the September quarter, up from a 3.7 per cent lift in the June quarter, said Moody’s Analytics.

Moody’s Analytics is a financial services company focusing on non-rating activities, and a subsidiary of Moody’s Corporation, an investor’s service.