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Thailand’s economy surprisingly stalls in the third quarter

Thailand’s economy surprisingly stalled in the third quarter, as exports and tourism softened, and the state planning agency showed less optimism on growth for all of 2018.

Gross domestic product showed no growth in the third quarter from the second, on a seasonally adjusted basis, the National Economic and Social Development Board (NESDB) said.

That was the worse result since the first quarter of 2014, when the economy shrank 0.4 percent, and compared with a Reuters poll forecast of 0.6 percent growth. All the economists polled expected some growth.(CNBC)