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State of the Thai economy: Calm before the storm?
AI In-brief 11 Sept 03:11

State of the Thai economy: Calm before the storm?

  • Thailand's GDP grew 2.8% in Q1 2026, exceeding expectations, driven by strong private investment (up 10.1%), a rebound in tourism, and robust high-tech exports.
  • Despite positive Q1 data, economists warn of a 'calm before the storm,' citing the delayed impact of rising oil prices from the Iran war, global economic slowdowns, and persistent high household debt.
  • The recovery is 'K-shaped,' with high-tech sectors thriving while traditional industries and grassroots economies struggle, indicating Thailand's slower and less flexible economic structure compared to its Asian counterparts.
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