Economic growth rose to 4.3% year-on-year in the third quarter, up from 3.8% in the previous quarter.
The upsurge in growth was underpinned by improved exports, manufacturing and tourism, according to a National Economic and Social Development Board (NESDB) report out yesterday.
The news has spurred the NESDB to lift its forecast for Thai economic growth from 3.4-3.5% to 3.9% for the year.
That's thanks to exports which are expected to expand to 8.6%, higher than the previous forecast of 5.7%, as well as domestic consumption and total investments which are projected to grow by 3.2 and 2% respectively, the board said.
