Thai economy posts weakest growth for three years

Thailand's economy slowed sharply in 2014 to grow at its slowest pace for three years, as political turmoil engulfing the kingdom compounded a fall in agricultural prices and waning exports. Gross domestic product (GDP) expanded 0.7 percent last year, well down from the 2.9 percent recorded in 2013, the the National Economic and Social Development Board (NESDB) said in a statement on Monday.