Thailand reports stronger-than-expected GDP in third quarter

Thailand’s economy grew a stronger-than-expected 1.2 per cent in the third quarter from the previous three months, which most economists think will lead the central bank to keep its policy rate on hold until 2013.

Third-quarter growth was slower than April-June’s revised 2.8 per cent, as the weakening global economy hit exports and production. But the latest pace was higher than the 0.9 per cent quarterly gain forecast in a Reuters poll.

The Bank of Thailand’s policy committee, which surprisingly cut rates in October, holds its last meeting of the year on Nov. 28.

via Business feed http://www.scmp.com/business/economy/article/1086016/thailand-reports-stronger-expected-gdp-third-quarter