Thailand’s economy expanded faster than expected in the third quarter on improving exports and spending by the government, which is likely to maintain pressure for rate cuts to tackle slowing private consumption.
Gross domestic product in the three months through September rose 3.0% from a year earlier, the National Economic and Social Development Council said Monday. That exceeded the 2.4% median estimate in a Bloomberg News survey and a revised 2.2% pace for the second quarter. The economy grew 1.2% quarter-on-quarter, beating a median estimate of 0.8% growth.