A sharper-than-expected Thailand GDP drop in Q3 underscored mounting economic headwinds as weaker factory output and a softer tourism recovery dragged growth to 1.2% year-on-year, below the 1.6% forecast and down from 2.8% in the previous quarter. On a quarterly basis, GDP contracted 0.6%—the first decline since late 2022 and the steepest since mid-2021—as exports, manufacturing, construction, government spending, and tourism all lost momentum amid US tariffs and a tougher gl