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Economy

Thailand's GDP grows at fastest pace in 5 years in 2017

Exports and tourism help, but domestic demand and political risks weigh

A record number of tourist arrivals contributed to economic growth in Thailand in 2017.   © Reuters

BANGKOK-- Thailand's gross domestic product grew an inflation-adjusted 3.9% in 2017, up from 3.3% the previous year, marking its fastest expansion since 2012, according to government statistics released Monday.

A recovery in exports, driven by an improving global economy, and a record number of foreign tourists spurred growth.

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