Thailand's Q3 Growth Surpasses Expectations, Hits 3.0%

Thailand's economy expanded by 3.0% in the third quarter, exceeding expectations and marking its fastest growth in two years, driven by exports and government spending. The government plans additional stimulus measures, including a 'digital wallet' scheme, while the central bank cut its interest rate to support growth. Malaysia's economy grew by 5.3% in the same period, with strong domestic demand and diversified trade partnerships, leading to an optimistic growth projection of 4.8% to 5.3% for the year. In China, early indicators suggest a modest economic rebound in October due to recent stimulus measures, with industrial output and retail sales showing improvement. However, despite these efforts, China is expected to miss its growth target with a forecasted growth between 4% and 5% for the year.