Thai Q4 growth below forecast, seen staying soft

BANGKOK: Thailand’s economy expanded less than expected in the last quarter of 2016 and the government left its forecast for growth this year unchanged, indicating recovery will remain a slow process.

Growth in October-December was 0.4% from the previous quarter, on a seasonally-adjusted basis, below the 0.6% seen in a Reuters poll. The government revised July-September growth to 0.4%, from 0.6%. On an annual basis, the economy expanded 3% in the final quarter, matching the poll forecast.