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Thailand’s economy grew at a softer pace in the second quarter, the National Economic and Social Development Council said Monday.
Gross domestic product expanded 2.8 percent year-on-year in the second quarter, slower than the 3.2 percent growth posted in the first quarter.
On a quarterly basis, GDP growth slowed to 0.6 percent from 0.7 percent in the first quarter.
On the expenditure side, household consumption and government spending climbed 2.1 percent and 2.2 percent, respectively. Annual growth in gross fixed capital formation was 5.8 percent.
Exports of goods and services surged 12.2 percent and imports gained 10.8 percent.
The government forecast the economy to expand within the range of 1.8 – 2.3 percent this year, decelerating from 2.5 percent in 2024.
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