"slower growth"

The Cabinet on Tuesday (December 24) approved inflation target in the range of 1-3 per cent for next year.  The target was determined jointly by Bank of Thailand (BOT) Governor Veerathai Santipraphob and Finance Minister Uttama Savanayana. The two said headline inflation remained at a low level, largely because of the decreasing prices of food and energy.

BEIJING - Despite external uncertainties and concerns of a softening economy, China has kept delivering impressive job gains with a resilient economy and nimble governance.

Thailand’s economic outlook is better than what the current slow growth suggests, a central bank official said, while an analyst urged the government to increase spending to boost the economy.

Consumer spending in August weakened, as the real earnings of non-farm labour remained in the contraction territory, according to the central bank.