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Slowing exports hurt growth: Consumption, investment also down.
Dec. 1--October economic figures showed a broad slowdown in domestic demand, private investment and exports, with government spending the main engine for growth, according to the Bank of Thailand.
Exports for the month totalled US$9.4 billion, up 7.7 percent from last year, but well down from the 23.8 percent growth reported in September.
"We had expected the economy to slow in the third quarter, but exports in October were below expectations," said Suchada Kirakul, senior director for the central bank's Economic Policy Department.
"We will have to monitor the situation further to see whether this is a temporary or permanent trend."
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Source: HighBeam Research, Slowing exports hurt growth: Consumption, investment also down.