Thailand's economic contraction slows in 3rd quarter

Thailand’s economy shrank 6.4 percent in the three months through September year on year, a smaller decline than the 12.1 percent contraction during the previous quarter, official data showed Monday.On a seasonally adjusted basis, gross domestic product expanded 6.5 percent quarter to quarter, a reversal from the 9.9 percent contraction in the previous quarter, according to the Office of the National Economic and Social Development Council.The smaller decline in the third quarter was attributed to improvement in total exports, and private investment and consumption that followed economic stimu…

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