Thai growth seen slowing sharply in September quarter

Thailand’s economic growth likely slowed sharply in the third quarter as the global slowdown hit exports and factory output while domestic consumption and investment waned, a Reuters poll showed.

According to the median forecast of 11 economists polled by Reuters, gross domestic product (GDP) grew at the slowest pace this year, by 0.9 per cent in July-September from the previous three months, when it expanded 3.3 per cent.

Growth in the first quarter was 10.8 per cent as companies rushed to rebuild after devastating floods in late 2011.

via Business feed http://www.scmp.com/business/economy/article/1083812/thai-growth-seen-slowing-sharply-september-quarter