Analysts at Australia and New Zealand Banking Group (ANZ) offer their quick reaction Thailand’s Q3 GDP report released earlier this Monday. Key Quotes: “Thailand’s GDP expanded by 2.4% y/y in Q3, a marginal improvement from the 2.3% recorded in Q2, but still below market expectations. We are nudging down our growth forecasts to 2.6% and 3.0% (previously 2.9% and 3.3%) for 2019 and 2020 respectively following today’s weak outturn, which brought average growth in the first three quarters of 2019 to just 2.5% y/y. A drawdown in inventories was a key drag on Thailand’s growth in Q3. Final domestic demand improved slightly, while net exports were a positive contributor to growth. The bottom line is that Thailand’s growth has bottomed and a gradual recovery should follow. The BoT’s 25bp cut at its 6 November meeting likely marked the end of its easing cycle.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US Dollar Index offered below 98.00, looks to trade FX Street 3 years Analysts at Australia and New Zealand Banking Group (ANZ) offer their quick reaction Thailand's Q3 GDP report released earlier this Monday. Key Quotes: "Thailand's GDP expanded by 2.4% y/y in Q3, a marginal improvement from the 2.3% recorded in Q2, but still below market expectations. We are nudging down our growth forecasts to 2.6% and 3.0% (previously 2.9% and 3.3%) for 2019 and 2020 respectively following today's weak outturn, which brought average growth in the first three quarters of 2019 to just 2.5% y/y. A drawdown in inventories was a key drag on Thailand's growth in Q3. Final domestic demand… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
