UOB Group’s Economist Barnabas Gan reviewed the recent GDP figures in Thailand. Key Quotes “Thailand’s economy expanded at 2.4% y/y in 3Q19, up from 2.3% in 2Q19 but below what markets were expecting. The gain has been led by an acceleration in government consumption and gross fixed capital formation, as well as a widening trade surplus”. “Agriculture production led the advance with a 1.5% y/y growth, while the services cluster has expanded further by 3.8% in 3Q19. However, the sustained contraction in the manufacturing space caused the overall industrial cluster to contract 0.3% y/y, the first negative print since 1Q14″. “We downgrade our full-year growth outlook to 2.6% (from a previous 2.8% expectation), in line with the growth downgrade penciled by the National Economic and Social Development Council (NESDC) to the above-mentioned pace. While we find comfort in the improving trade balance, the contraction in the manufacturing and trade clusters seen to-date remain to be key drags to overall growth into the quarters ahead”. 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 USD/CAD struggles near 1-week lows, bears await a break below 1.3200 mark FX Street 3 years UOB Group's Economist Barnabas Gan reviewed the recent GDP figures in Thailand. Key Quotes "Thailand's economy expanded at 2.4% y/y in 3Q19, up from 2.3% in 2Q19 but below what markets were expecting. The gain has been led by an acceleration in government consumption and gross fixed capital formation, as well as a widening trade surplus". "Agriculture production led the advance with a 1.5% y/y growth, while the services cluster has expanded further by 3.8% in 3Q19. However, the sustained contraction in the manufacturing space caused the overall industrial cluster to contract 0.3% y/y, the first negative print since 1Q14".… 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.
