Thailand economy news.
Jan 30, 2025 · Thailand's economy is expected to grow 3.
Thailand economy news. The number of tourists is expected to increase to 39.
Thailand economy news 9% growth in 2023, as private consumption will benefit from a more populist set of policies from the new government, as well as a strengthening recovery in the tourism sector. 0% year on year, the Office of the National Economic and Social Development Council (NESDC) told a press conference on Monday. 0% this year, led by increased tourism, exports and private consumption, the finance ministry said on Thursday, unchanged from a previous forecast. Dec 31, 2024 · As 2024 comes to a close, Thailand's economic landscape reflects a mixture of progress and setbacks. Apr 9, 2025 · Piyasak Manason, Head of Economic Research at InnovestX Securities, warned that the global economy could face a severe recession if multiple countries retaliate with their own trade barriers in Thailand's economic growth will accelerate to 3. tariff hikes have led to a downward revision of Thailand's growth forecast to 1. May 31, 2025 · Research by Krungsri has revised Thailand’s economic growth forecast for 2025 to 2. 9 percent in 2023 from 2. 2% growth is a positive indicator for the nation's economic trajectory, it said. 7%. 9% (January estimate) to just 1. 9% expansion in 2025, an increase from the 2. Nov 18, 2024 · A man buys foods at a market as Thailand is to inject $15. The premier announced the plans in a post on X (formerly Twitter), saying it had been developed by Finance Minister Pichai Chunhavajira, who is also a 5 days ago · Get Thai business, Thai economy, investment news related to Thailand here at BangkokPost. Oct 30, 2024 · BANGKOK (Reuters) -Thailand's economic growth rate is expected to increase to 3% in 2025, supported by spending, exports, investment and tourism, the government said on Thursday, and the finance Nov 25, 2024 · Sanan Angubolkul, chairman of the Thai Chamber of Commerce, said he believes Thailand's GDP will grow by 3% in 2025, based on the NESDC forecast, as the economy gradually recovers next year. May 19, 2025 · Private investment is projected to decline 0. The country targets 36. Kiatnakin Phatra Research (KKP) and BofA Global Aug 19, 2024 · BANGKOK: Thailand's economic growth strengthened in the second quarter due to higher consumption, tourism and exports, official data showed on Monday (Aug 19), and the government narrowed its full 3 days ago · Thailand needs to adopt a more assertive approach in reducing interest rates due to its challenging growth outlook and low inflation, according to Somprawin Manprasert, a candidate for the position of Bank of Thailand (BoT)’s new governor. 9 percent last year, according to state economic planners, compared with growth of 5 percent or higher in the Philippines, Indonesia and Vietnam. Bangkok Post - The world’s window on Thailand NEWS. Impact of U. 7 Nov 1, 2024 · Picture courtesy of Apichart Jinakul . The tourism sector is Jan 30, 2025 · BANGKOK: Thailand's economic growth may falter at under 2. 11 Sep 2024. Mar 19, 2025 · Thailand's economy was seen growing slightly more than 2. The U. 7% this year, helped by an anticipated annual rise of 28% in foreign visitors to 36 million, Prime Minister Paetongtarn Shinawatra said on Thursday. 75%, could The ADB forecasts that Thailand's economy will maintain its growth momentum in the short term, with tourism continuing to be the primary driver of economic growth. 2% in 2024 after 1. Flights to and from Chiang Rai suspended due to severe flooding. 0% in Q3 Q4 GDP seen at 0. Nov 18, 2024 · Thailand’s economy expanded faster than expected in the third quarter on improving exports and spending by the government, which is likely to maintain pressure for rate cuts to tackle slowing Nov 18, 2024 · Picture courtesy of Kasikorn Research . 5 million this year and 41 million next year, thanks to the visa exemption program, rising demand among travelers, the expansion Jan 22, 2025 · All ministries, including the Finance Ministry, are evaluating potential impacts on Thailand's economy, said Mr Julapun. 6% growth anticipated for 2024. 5% this year. Oct 22, 2024 · BANGKOK, Oct 22 - Thailand's economic growth may not reach 3% this year but should come in above that level next year as the government will accelerate investment, the finance minister said on Oct 28, 2024 · Thailand’s leading business groups and commercial banks urged Prime Minister Paetongtarn Shinawatra to roll out fresh measures to spur consumer spending and tackle one of the highest levels of Thailand Economic News and Financial Insights. The Thai economy improved from the previous month, driven by the manufacturing sector and related services such as trade and transport. The NESDC report said that the economy performed better than expected in the first nine months of the year. This acceleration from the previous quarter's 2. (Source: Bank of Thailand, Siam Rath, and Matichon) Thailand Business News is a comprehensive news service about Thailand with a business and financial perspective edited in Bangkok by Siam News Network ADVERTISEMENT Saturday, June 7, 2025 Feb 17, 2025 · Thailand's National Economic and Social Development Council (NESDC) forecasts the country's economy to expand by 2. Last week, unwelcome news impacting the Thai economy undoubtedly revolved around Moody's Ratings Mar 3, 2025 · Prime Minister Paetongtarn Shinawatra unveiled a comprehensive economic stimulus plan on Monday, which she believes will help boost Thailand’s GDP growth to between 3% and 3. 4 per cent Thailand’s export sector continued its strong performance in April 2025, posting a 10. 1. Thailand’s economy just delivered a surprise package of positive news! Official figures released today, November 18, reveal that the nation’s economic growth has leapt to a striking 3. Apr 30, 2025 · World Bank cuts Thai growth forecast. The benchmark interest rate, currently set at 1. This positive outlook is mainly due to recovering investment, tourism sector recovery, and private consumption. Thailand has made significant social and economic progress over the past five decades. Nov 21, 2024 · Thailand's economy is expected to grow 2. 8% in 2025, supported by rising government spending and tourism recovery. MOST POPULAR. 8%, down from over 2% previously. Passakorn Chairat and Bank of Thailand Macroeconomic Director Ms. 9% this year after a weaker-than-expected fourth quarter despite a vaunted government cash handout aimed at firing up sluggish growth, the central Dec 27, 2024 · Director-general of the Office of Industrial Economics (OIE) Mr. 5 per cent in 2024 – among the factors that have left a majority of Thais dissatisfied with Prime Minister Srettha’s performance. However, analysts warn of an economic cliff in 2026 if no new growth engines are introduced. The latest on the economy, politics, government, and business Sep 23, 2024 · Picture courtesy of The Economic Times . The economy is teetering on the edge as the surging Thai baht causes ripples across the nation. 9% y/y vs 3. S. com. Duttagupta identified four key challenges, or "traps," affecting Thailand's economy: 1. May 30, 2025 · Thailand's most updated English news website, thai news, thailand news, Bangkok thailand, aec,newspaper english, breaking news : The Nation S&P Affirms Thailand's BBB+ Rating and Stable Outlook MONDAY, JUNE 02, 2025 Press Release on the Economic and Monetary Conditions for April 2025. 2. Thai exports grew 10. 2% in Q3 Q4 GDP data due on Monday, Feb 17 BENGALURU, Feb 14 (Reuters) - Thailand's economy likely grew at its 5 days ago · Get Thai business, Thai economy, investment news related to Thailand here at BangkokPost. Get the latest from The Thaiger, your trusted source for Thailand economic news. 9 per cent this year on the back of a weaker-than-expected fourth quarter where consumption cratered despite a government cash handout Without urgent policy reforms, Thailand's potential growth is projected to decrease from an average of 3. THAILAND - General - Politics - Special report - PR news - People; BUSINESS - General The downgrade of Thailand's economic outlook from stable to negative for the first time in nearly 17 years is a matter that cannot be overlooked, especially given the significantly reduced fiscal space. 8% and 3%, respectively, due to the government’s cash handout boosting the economy. Apr 17, 2025 · Additionally, the Bank of Thailand will maintain market functioning and manage the higher-than-usual volatility in financial markets during this period to mitigate the impact on the Thai economy. Experts praised government initiatives, but also emphasized the need to address fundamental issues like public debt and income inequality to ensure sustainable growth. The Thai government’s delayed and diplomatic response sparked backlash, prompting lawmakers to call for a parliamentary solution under the Constitution. 4 days ago · Thailand business news, market trends, foreign investment, and economic updates—stay informed on stock market movements, entrepreneurship, and key developments shaping the economy. Stay current with all the latest and breaking news about Thailand Economy, compare headlines and perspectives between news sources on stories happening today. 1%, down from an earlier estimate of 2. 4% (y/y) annually in 2024, well below the Bank of Thailand’s target range of 1 to 3%. Regarding the second phase of the 10,000-baht cash handout, he confirmed it Feb 17, 2025 · The World Bank has revised its economic growth forecast for Thailand, projecting a 2. Jul 15, 2024 · For now, Thailand’s economy is projected to grow only about 2. Nov 18, 2024 · The Thai economy demonstrated sustained growth in the third quarter of 2024, expanding by 3. Loading 1. The government is advised to exercise caution in policy-making Thailand's '4 traps' affecting economic growth. This adjustment comes amid layered risks, including US trade policy uncertainties and domestic pressures. Jul 14, 2024 · Starting this month, Thailand is collecting a 7% value-added tax on cheap imported goods priced less than 1,500 Thai baht ($41), mostly from China, but such products are still exempted from Oct 18, 2024 · BANGKOK, Oct 18 (Reuters) - Thailand's economy could grow by 3% this year and by more than that in 2025, driven by the government's stimulus measures to be introduced from late this year to Apr 1, 2025 · Breaking news and top stories from Thailand. Economics News : Economics and news service about Thailand with a business and financial perspective. “This growth is largely driven by the government’s investment and Apr 2, 2025 · Thailand's economy faces fresh headwinds from the recent earthquake in neighboring Myanmar, which analysts say could weigh on the Southeast Asian country's tourism and property sectors. Pranee Sutthisri (inset right) released two reports on Friday with bad news for Thailand’s economic performance in November 2024. 7% amid global uncertainties and the return of Donald Trump as US president. Part B: Innovation in a Changing World – Empowering SMEs and Startups. Mar 4, 2024 · Thailand's economy is in a "critical situation" that requires urgent stimulus measures and a potential rate cut, officials from the prime minister's office said on Monday, as the country pushes to . 2 bln into economy next year through its digital wallet policy, in Bangkok, Thailand, October 2, 2023. Moderate southwest monsoon brings thundershowers and rough seas across Thailand Pimuk Simaroj, Secretary to the Governor of Bangkok, represented Bangkok Governor Chadchart Sittipunt at WorldPride Washington DC 2025, held from June 2–8, 2025, in Washington DC, United States. Key challenges include elevated household debt, slow income recovery for vulnerable groups, and Thailand’s economic interdependence with China. Dec 31, 2024 · Thailand’s economy in 2024 was marked by a combination of progress and setbacks. … 4 days ago · The Thai-Cambodian border conflict has raised public suspicions of hidden benefits between the Shinawatra and Hun families. 7% in 2022-30, hindering its high-income aspirations. Nov 21, 2024 · Citing figures released by the National Economic and Social Development Council (NESDC), the prime minister expressed confidence in the recovery of the Thai economy. Inflation remained subdued, averaging 0. 6% for the year, up from 2. In total, 481 stories have been published about Thailand Economy which Ground News has aggregated in the past 3 months. The deadly Dec 31, 2024 · Thailand's economy faces significant challenges in 2025, with experts projecting growth rates between 2. 5% this year, less than earlier expected, minutes of the Bank of Thailand's February 26 monetary policy meeting showed on Wednesday, with Jan 30, 2025 · Thailand's economy is expected to grow 3. 7% q/q sa vs 1. Aug 19, 2024 · BANGKOK - Thailand’s economy expanded at the fastest pace in five quarters, aided by tourism and exports, although a leadership change and uncertainty over a US$14 billion (S$18. 4 billion Feb 21, 2025 · The report said economic activity expanded modestly by 1. BANGKOK, June 28, 2023 – Thailand's economy is projected to accelerate to 3. 5% and 4%. However, recent estimates have adjusted this figure down to around Thailand business news and global market coverage from CNBC. Stay updated with the latest in Economics, finance, corporate developments, and economic news, along with insightful analysis of Thai and global markets. 0% increase in the third quarter compared to last year, leaving analyst predictions of 2. THAILAND - General - Politics - Special Feb 4, 2025 · Thailand economy news, business updates, financial markets, and government policies—stay informed on economic developments shaping the nation. Apr 1, 2024 · Thailand’s economy grew just 1. 6 percent last year due to stronger-than-expected demand from China, Europe, and the United States, private consumption growth, and a recovery in tourism, the World Bank said in its semi-annual Thailand Economic Monitor. Thailand’s Finance Ministry is projecting GDP growth of 2. 2% year-on-year increase and marking the tenth consecutive month of growth. The new landscape of global trade is permanently altering the structure of the Thai and global economies, leading to an urgent need for adaptation. In the wake of a significant rate cut by the US Federal Reserve (Fed), local industries are now urging the Bank of Thailand’s Monetary Policy Committee (MPC) to take swift action. Despite the economic slowdown in China, the final quarter should see a boost in Thai exports thanks to festive demand, according to the Employers’ Confederation of Thai Trade and Industry (EconThai), said Tanit Sorat, EconThai’s Vice-Chairman. Feb 14, 2025 · Thai Q4 GDP seen growing 3. 05% and 2. He Oct 17, 2024 · Thailand’s GDP forecast has been upgraded for this year and next to 2. Jun 28, 2023 · Addressing Flood, Drought Risk Key to Sustaining Robust Growth. 9% in 2023 and 2. 6%, marking a 1. com Thailand’s Prime Minister Srettha Thavisin has revealed details of his government’s plan to stimulate the economy by giving digital cash handouts of 10,000 baht ($275) to an estimated qualifying 50 million Thais for spending at their local businesses. The number of tourists is expected to increase to 39. 5%, factoring in the potential benefits of the digital wallet scheme. 7 per cent in 2025, in line with the export slowdown. The Royal Thai Army has Jun 10, 2024 · Thailand is counting on 1 million more foreign tourist arrivals and faster government spending to help boost economic growth this year to the fastest pace in six years. 3% in the first three quarters of 2024, driven by growth in private consumption and a rebound in tourism. 3 percentage point drop—the lowest growth forecast among major ASEAN economies (excluding Singapore, Brunei, and conflict-affected Myanmar). Dec 12, 2024 · Thailand economy news, business updates, financial markets, and government policies—stay informed on economic developments shaping the nation. 2% in April, marking ten consecutive months of expansion. Att Pisanwanich, adviser at Intelligent Company Research Consultant (IRC), warns that Thailand could experience its slowest growth rate in seven years. In a separate report, the World Bank slashed Thailand’s 2025 GDP growth forecast from 2. Private consumption, which accounts for the bulk of Thai GDP, is seen expanding just 2. Thailand’s new Prime Minister Paetongtarn Shinawatra, the daughter of former Prime Minister Thaksin Shinawatra, vowed Thursday in her inaugural speech to Parliament to continue many of her predecessor’s plans to solve the country’s economic woes. The Fiscal Policy Office (FPO) announced that while fiscal measures have been maximally employed to bolster the economy, further support from monetary policy is essential for achieving higher growth rates. 2% in 2011-21 to 2. Get the latest from The Thaiger, your trusted source for business news in Thailand. Get Thai business, Thai economy, investment news related to Thailand here at BangkokPost. Nov 28, 2024 · Thailand’s economy is showing signs of recovery, yet economists warn of ongoing risks that could hinder its growth potential. 6% in the dust. Tariffs: The U. Despite these issues, the Jan 30, 2025 · Thailand's economic growth may falter at under 2. NEWS. Sep 9, 2024 · He has raised his growth forecast to 2. At the beginning of the year, leading banks, institutions and credit rating agencies predicted economic growth between 3. 2 days ago · Thailand's Finance Minister Pichai Chunhavajira delivered a keynote address at the opening of the 'Thailand Investment Forum 2025 : Great Depression' on Saturday, outlining the government's fiscal measures to revive the economy, boost investor confidence, and reinvigorate the Thai capital market. 7% for the current year, with expectations to reach 3% in 2025. The Bank of Thailand (the central bank) will maintain a neutral monetary policy for most of 2024. Part of the improved production was due to inventory replenishment after a sharp export increase in the preceding period. iiiyvdbkusjwtniioznhcrqwcmzvtbkcnbmyymsoskwotyycmzvbkyvucnwq