Halister News

(Bloomberg) -- Weakness in the global environment probably slowed economic growth in Thailand in 4Q, according to economists.

• Economy probably grew 2.4% y/y after 2.9% expansion in 3Q, according to Bloomberg survey; range of 11 ests. from +2.0% to +3.3%; data due 9:30am local time on Feb. 15
• That pace of growth would be slowest since 4Q 2014, when economy expanded 2.1%
• Finance Ministry forecasts GDP growth of 3.7% this year, according to statement on Jan. 28; central bank yday maintained its estimate of 3.5% growth for 2016
• 3Q growth topped median est. of +2.5% in Bloomberg survey when data was released on Nov. 16; baht fell 0.2% vs dollar on that day
• USD/THB has fallen 2.2% vs dollar so far this year; now at 35.340