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Economy

Thailand becomes latest Asia economy to slow on trade war

Economy grew 3.3% in third quarter on annual basis, below forecast of 4%-4.2% expansion

Chinese tourist Bangkok
The quarterly result was the weakest since the first quarter of 2014, when the economy shrank 0.4%.   © Reuters

BANGKOK -- Thailand's economy slowed in the July-September quarter as the trade war and a slowdown in tourism started to bite, prompting the state planning agency to lower its annual growth forecasts.

Southeast Asia's second-largest economy grew 3.3% on an annual basis, falling below projections of a 4%-4.2% expansion in a Reuters poll of analysts. Gross domestic product showed no growth from the previous three months.

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