Thailand's economy is now expected to grow between 2.4% and 2.6% this year, revised upward from the earlier forecast of 2.1% to 2.5%, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).
What change has been made to Thailand's 2026 economic growth forecast?
Thailand's economy is now expected to grow between 2.4% and 2.6% this year, revised upward from the earlier forecast of 2.1% to 2.5%, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB).
Who provided the updated forecast and what are the key drivers?
The updated forecast was provided by JSCCIB, a leading business group, highlighting exports as a significant growth driver. Exports are now projected to increase by 18% to 22%, a marked rise from the earlier estimate of 12% to 16%.
How does this forecast compare to recent economic performance?
Thailand's economy grew by 2.4% last year, which was slower than other countries in the Southeast Asia region. The updated forecast reflects expectations of improved economic momentum.
What other official economic forecasts are aligned with this revision?
The Bank of Thailand also raised its GDP growth outlook, adjusting the 2026 forecast to 2.4% from 2.3%, and the 2027 forecast to 2.1% from 1.8%, supported by stronger exports and private investment.
Source: Bangkok Post
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