Thailand’s economy is now projected to grow 2.5% this year, up from an earlier forecast of 2%, supported by stronger exports and investment linked to artificial intelligence.
The Center for Economic and Business Forecasting at the University of the Thai Chamber of Commerce (UTCC) anticipates Thailand’s economic recovery will follow a K-shaped model, with growth concentrated in high-tech industries and large companies, the Bangkok Post reported.
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Vegetable sellers manage customers at Khlong Toey wet market in Bangkok, Thailand, on June 3, 2025. Photo by AFP |
Small and medium-sized enterprises, households and traditional industries are expected to continue contracting.
Thanavath Phonvichai, President of the UTCC, said the 2.5% GDP growth forecast is based on several assumptions: ongoing investment by cloud and data center providers, 32.5 million foreign tourist arrivals in 2026, the settlement of Middle East conflicts by October this year, and the U.S. Section 301 trade probe not reaching a conclusion this year.
In Southeast Asia, Thailand’s GDP last year ranked third behind Indonesia and Singapore, according to the International Monetary Fund.
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