3 Hours Ago
Thailand’s fourth-quarter GDP unexpectedly contracts, bolstering bets for interest rate cut
Thailand’s economy unexpectedly contracted in the fourth quarter compared with the prior three months, bolstering bets for imminent interest rate cuts.
The country’s fourth-quarter GDP shrank 0.6% quarter over quarter, against a Reuters poll expectation of a 0.1% expansion.
Year-on-year, Thailand’s economy grew 1.7%, missing Reuters poll estimates of a 2.5% growth.
Slowing economic growth boosts the likelihood of a rate cut from the Bank of Thailand in April.
— Charmaine Jacob
4 Hours Ago
