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Is 2025 growth proof that Thai economy is out of ICU?

Is 2025 growth proof that Thai economy is out of ICU?

11 Sept 22:13 Key points summarised by AI
  • Thailand's Finance Minister declared the economy 'out of ICU' after a 2.5% Q4 2025 growth and 2.4% full-year expansion, attributing success to short-term consumption stimulus packages.
  • The National Economic and Social Development Council (NESDC) confirmed this growth, highlighting robust household consumption and significant public and private sector investments, particularly in construction, as key drivers.
  • Investor confidence in the Thai stock market surged post-election, anticipating greater political stability, though potential election irregularities introduce an element of risk.
  • Economists caution that while the economy may be 'out of ICU,' it remains 'in the hospital,' requiring new engines of growth beyond fiscal stimulus to enhance competitiveness and catch up with faster-growing neighboring economies.
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