Official data released on Monday showed Thailand's economic growth slowed to its lowest level in four years during the third quarter, weighed down by domestic political uncertainty and weak tourism and manufacturing amid border conflicts.

According to the National Economic and Social Development Council, Thailand's gross domestic product (GDP) expanded 1.2% year-on-year in the July-September period. This was lower than the 2.8% annual growth recorded in the second quarter and fell short of market expectations.

On a quarterly basis, seasonally adjusted GDP contracted 0.6% in Q3, compared with a revised 0.5% growth in the previous quarter.

The council also revised down its 2025 GDP growth forecast to 2.0% from an earlier projection of 1.8%-2.3%, while estimating next year's growth to range between 1.2% and 2.2%.