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NESDC projects Thailand’s GDP to grow by only 2 percent this year
Today 12:11Key points summarised by AI
- The National Economic and Social Development Council (NESDC) projects Thailand's GDP to grow by a modest 2% in 2025, following a Q3 contraction to 1.2% and 2.4% growth over the first three quarters of the current year.
- NESDC forecasts even slower GDP growth for 2026, ranging between 1.2% and 2.2%.
- Third-quarter growth was supported by increases in private consumption (2.6%), private investment (4.2%), and exports (10.8%), despite contractions in public sector consumption and government investment.
- Future growth hinges on anticipated increases in private consumption and investment, government policy support, a recovering tourism sector, and increased agricultural output.
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