Thailand’s GDP growth expected to slow due to US reciprocal tariffs
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Thailand’s GDP growth expected to slow due to US reciprocal tariffs
14 Sept 02:06Key points summarised by AI
US reciprocal tariffs are projected to reduce Thailand's GDP growth by 0.2-0.6%, lowering current estimates of 2.4-2.9%.
The Thai economy also faces impacts from fewer tourist arrivals, particularly from China due to its economic slowdown, compounded by the Myanmar earthquake.
The Joint Standing Committee on Commerce, Industry and Banking urges the government to implement short-term mitigation measures and revise macroeconomic policies to enhance competitiveness.
Thailand must remain vigilant against indirect impacts on US-bound exports from cheap Chinese product dumping and may need to increase imports from the US.
The situation presents an opportunity for the government and private sector to collaborate closely in addressing these new challenges amidst trade wars and natural disasters.
Thailand's Education Ministry is implementing a four-pronged strategy to address its students' below-average performance in PISA 2025 and tackle significant educational inequality.
The plan prioritizes closing performance gaps by increasing funding for small and low-income schools, overhauling the curriculum to foster critical thinking, and adopting a data-driven management system to reduce teacher workload.
Key initiatives include enhancing school safety, combating cyberbullying, and expanding mental health support through peer-to-peer networks, recognizing the severe impact of distress on academic performance.
An education expert advises verifying if PISA improvements stem from structural changes, advocating for a revived STEM curriculum with practical 'learn by doing' methods, and urging bureaucratic reform to link teacher evaluations to student development.