(Reuters) – Thailand’s economy slipped into a technical recession in the third quarter, reinforcing signs of an Asia-wide slowdown as export growth cools, manufacturing ebbs and the impact of massive government stimulus spending fades.
Southeast Asia’s second-biggest economy shrank 0.2 percent in the third quarter after a revised 0.6 percent contraction in the second, data showed on Monday, reducing chances of another interest rate rise next month.
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