Thailand gains momentum – Malaya Business Insight

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BENGALURU- Thailand’s economy gained momentum in the last quarter supported by government spending and a recovery in tourism that helped offset weak demand from China, a Reuters poll of economists showed.

Southeast Asia’s second-largest economy likely expanded 2.6 percent in July-September compared to the same period a year earlier, according to the median prediction of 20 economists in the Nov. 8-15 poll.

That would mark an increase from 2.3 percent growth in the previous quarter and its fastest pace in one-and-a-half years.

Forecasts for the data due on Nov. 18 ranged from 2.0 percent to 3.3 percent.

On a quarterly basis, gross domestic product (GDP) likely grew a seasonally…