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5 days ago

Thailand Among Economies Most Exposed to Energy Price Shock, World Bank Warns Thailand is among the economies most exposed to the recent global energy price shock, with rising oil costs expected to push up inflation and weigh on economic growth, according to a new report by the World Bank. The bank said higher oil prices—triggered by geopolitical tensions in the Middle East—pose a significant risk to countries that rely heavily on imported energy.

Thailand is among the economies most exposed to the recent global energy price shock, which could push up inflation and weigh on growth across the region, according to a new report by the World Bank.

#Thailand #ThaiEconomy #เศรษฐกิจ #เศรษฐกิจไทย #วิกฤตน้ำมัน

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1 week ago

Private Sector Representatives Cut Their 2026 GDP Growth Forecast to 1.2–1.6% as Energy Costs Surge Thailand’s economic growth in 2026 is now projected at 1.2–1.6%, down from an earlier forecast of 1.6–2.0%, as surging energy prices, global supply disruptions, and a decline in international tourism weigh on the economy, according to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB). Inflation is expected to accelerate to 2.0–3.0%, up from a previous forecast of 0.2–0.7%, largely due to higher retail oil prices.

Private sector representatives have lowered Thailand’s 2026 economic growth forecast, warning that rising energy costs and global supply disruptions could slow GDP expansion, push up inflation, and impact exports and tourism.

#Thailand #ThaiEconomy #เศรษฐกิจ #เศรษฐกิจไทย #กกร

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2 weeks ago

Thai exports face external risks in 2026 as imports hit 50-month high amid Middle East tensions and U.S. tariffs Thailand’s exports are under growing external pressure in 2026. Kasikorn Research Center (KResearch) warns that growth could fall below 1% if Middle East tensions escalate and shipping disruptions continue, while the Ministry of Commerce projects a range of -3% to +1.1% YoY. In February 2026, Thai exports totaled $29.44 billion, expanding 9.9% YoY, marking the 20th consecutive month of growth. Excluding oil, gold, and military goods, exports rose 11.0%.

Thailand’s trade outlook for 2026 faces mounting external pressures as exports slow amid geopolitical tensions in the Middle East and rising U.S. tariff scrutiny, while imports surge to a 50-month high, widening the trade deficit.

#Thailand #ThaiEconomy #Trade #เศรษฐกิจ #เศรษฐกิจไทย #ส่งออก

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3 weeks ago

Thailand Faces Mounting Economic Risks as Fuel Crisis Deepens, Industry and TRIS Warn Thailand’s economic outlook is coming under increasing strain from a worsening fuel crisis linked to Middle East tensions, with both industry leaders and analysts warning of slower growth, rising costs and mounting pressure across key sectors. TRIS Rating said prolonged geopolitical tensions could weigh on the economy through higher oil prices, weaker consumption, and disruptions to trade and tourism. While it maintains its 2026 GDP growth forecast at 2.1%, the agency warned growth could fall to as low as 1.0% under a prolonged conflict scenario.

#Thailand is facing growing economic headwinds as a deepening fuel crisis triggered by Middle East tensions drives up costs, disrupts key sectors and raises the risk of a sharper-than-expected slowdown, analysts and industry leaders warn.

#ThaiEconomy #เศรษฐกิจ #เศรษฐกิจไทย

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3 weeks ago

Thailand’s Industrial Sector Shows Signs of Slowing in March Amid Rising Energy Costs Thailand’s industrial sector appears to be slowing in March, reversing the modest recovery seen in February, as prolonged geopolitical tensions push energy costs higher, the Federation of Thai Industries (FTI) reported. The Industrial Confidence Index (ICI) for February 2026 rose to 90.0, up from 88.7 in January, supported by a combination of domestic and international factors. Key contributors included a temporary reduction in export tariffs following U.S.

Thailand’s industrial sector faces a slowdown in March as rising energy costs and ongoing geopolitical tensions threaten production and business confidence.

#Thailand #ThaiEconomy #น้ำมัน #ราคาน้ำมัน #สงครามอิหร่าน #ช่องแคบฮอร์มุซ #StraitOfHormuz #เศรษฐกิจ #เศรษฐกิจไทย

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1 month ago

JSCCIB Maintains 2026 Growth Outlook at 1.6–2.0% Amid Rising Global Risks Thailand’s leading private-sector bodies on Wednesday maintained their 2026 economic growth forecast at 1.6–2.0%, warning of mounting risks from escalating Middle East tensions and renewed uncertainty over US trade policy. The projection was announced by the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), which also expects exports in 2026 to contract by 1.5% to 0.5% and inflation to range between 0.2% and 0.7%.

JSCCIB warned that escalating geopolitical tensions and renewed US trade uncertainty are clouding the 2026 outlook, even as they kept their economic growth forecast at 1.6–2.0%.

#Thailand #ThaiEconomy #กกร #เศรษฐกิจ #เศรษฐกิจไทย

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1 month ago

Commerce Ministry Assesses Impact on Thailand as US-Israel Clash With Iran Escalates Thailand’s government and private sector are intensifying efforts to assess economic risks from escalating hostilities in the Middle East, as tensions between the United States, Israel and Iran send shockwaves through global energy and financial markets. The Ministry of Commerce said the confrontation, which began February 28, has created significant volatility in oil prices, logistics costs and investor confidence, with potential direct and indirect consequences for Thailand’s economy.

Thailand is moving to shield its economy from mounting global fallout as escalating military confrontation between the United States, Israel and Iran drives energy volatility, disrupts trade routes and rattles financial markets worldwide.

#Thailand #ThaiEconomy #Iran #Israel #อิหร่าน #อิสราเอล

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1 month ago

Thailand Economy Grows on Exports Surge Despite Tourism Slowdown in January Thailand’s economy in January 2026 was supported by its strongest export expansion in four years and growth in domestic tourism, though foreign visitor arrivals declined, according to the Fiscal Policy Office (FPO). Vinit Visessuvanapoom, director-general of the FPO, said merchandise exports rose 24.4% year-on-year to US$31,573.1 million, marking a 19th consecutive month of growth. Exports excluding oil, gold-related items and military goods expanded 20.9%, driven by electronics (+67.0%), electrical appliances (+16.7%) and vehicles (+11.3%).

Thailand’s economic recovery showed mixed momentum at the start of 2026, with strong export growth and domestic demand prompting cautious optimism even as the central bank moved to cut interest rates amid lingering structural weaknesses and downside risks.

#Thailand #ThaiEconomy #เศรษฐกิจ

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1 month ago

Thai Exports Face Rising Uncertainty from New U.S. Tariffs Despite Short-Term Opportunities Thailand’s exports posted their strongest growth in four years in January, but the outlook ahead faces rising uncertainty from additional tariff measures expected from the United States, according to an analysis by SCB Economic Intelligence Center (SCB EIC). Exports in January 2026 totaled US$31.57 billion, up 24.4% year-on-year — accelerating from 16.8% in December and far exceeding market expectations. Seasonally adjusted exports also rose 10.6% month-on-month.

Thailand’s export outlook is entering a period of heightened uncertainty as new U.S. tariff measures reshape global trade dynamics, even as exporters may benefit from short-term opportunities.

#Thailand #ThaiEconomy #Exports #ส่งออก #เศรษฐกิจ #เศรษฐกิจไทย

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1 month ago

Thailand’s trade performance opened 2026 on a strong note, with exports posting their fastest growth in years amid surging demand for electronics and continued expansion across key global markets, according to official data from Thailand.

#Thailand #ThaiEconomy #Exports #ส่งออก #เศรษฐกิจ

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1 month ago

Industrial confidence edges up in January on tourism, production rebound; costs and PM2.5 remain concerns Thailand’s industrial confidence improved slightly in January, driven by a post-holiday rebound in manufacturing, stronger Lunar New Year orders, tourism momentum and new investment approvals, though businesses remain concerned about rising costs, weak budget disbursement and worsening air pollution. The Industrial Confidence Index (ICI) rose to 88.7 in January from 88.2 in December, according to the Federation of Thai Industries (FTI).

Thailand’s industrial sentiment showed modest improvement at the start of 2026, with the Federation of Thai Industries reporting a slight rise in confidence amid recovering production and tourism, even as businesses warn of mounting cost pressures and environmental risks.

#Thailand #ThaiEconomy

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1 month ago

Thailand Forecasts Modest 2% Growth in 2026 as Investment and Tourism Recovery Continue Thailand’s economy is expected to grow between 1.5% and 2.5% in 2026, with a midpoint forecast of 2.0%, supported by domestic demand, higher government spending, a gradual tourism recovery, and improved agricultural output, according to the Office of the National Economic and Social Development Council (NESDC). Private consumption is projected to expand by 2.1% this year, while private investment is expected to rise 1.9%.

Thailand’s economic growth is expected to remain modest in 2026 as domestic demand and tourism gradually recover, the Office of the National Economic and Social Development Council said, while newly released data showed a late-year pickup in 2025.

#Thailand #ThaiEconomy #เศรษฐกิจ #เศรษฐกิจไทย

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2 months ago

Private Sector, Exporters Urge New Government to Prioritise Economy, Livelihoods and Policy Continuity Warning that Thailand risks economic growth of below 2% in 2026 amid weak domestic purchasing power, high debt and mounting global uncertainty, business groups and exporters are urging the incoming government to urgently prioritise economic recovery, cost-of-living relief and policy continuity, while delivering clear, data-driven and consistent policies. The private sector said the new administration does not need to be “perfect,” but must listen to the real economy, move quickly to restore confidence, and address structural weaknesses undermining competitiveness and investment.

Thailand’s business and export sectors are pressing the incoming government to urgently address economic weaknesses, ease cost-of-living pressures and ensure policy continuity amid slowing growth and rising uncertainty.

#Thailand #ThaiEconomy #เลือกตั้ง #เลือกตั้ง69 #เลือกตั้ง2569 #เศรษฐกิจ

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2 months ago

Thailand’s January Inflation Falls 0.66%, Commerce Ministry Keeps 2026 Outlook at 0–1% Thailand’s headline inflation fell 0.66% year-on-year in January 2026, while the Commerce Ministry maintained its full-year 2026 inflation forecast at 0.0–1.0%, with a midpoint of 0.5%, citing lower energy prices and ongoing cost-of-living measures. The headline Consumer Price Index (CPI) stood at 99.91 in January 2026, down from 100.57 in January 2025, according to Nattiya Sujinda, deputy director-general of the Trade Policy and Strategy Office.

#Thailand’s headline #inflation turned negative at the start of 2026, with prices falling in January as lower energy costs and government relief measures outweighed higher food prices, prompting the Commerce Ministry to reaffirm a subdued inflation outlook for the year.

#ThaiEconomy #เงินเฟ้อ

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2 months ago

JSCCIB Warns Thailand’s 2026 Growth May Fall Below 2% Amid Global Risks, Budget Delays The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Feb 4 warned that Thailand’s economy in 2026 risks growing below 2%, citing heightened global geopolitical tensions, uncertainty over new US tariff measures, and delays in domestic public investment. The warning was delivered at a JSCCIB press briefing chaired by Kriengkrai Thiennukul, chairman of the Federation of Thai Industries, alongside Poj Aramwattananont, chairman of the Thai Chamber of Commerce, and Payong Srivanich, chairman of the Thai Bankers’ Association, at the Queen Sirikit National Convention Center.

#Thailand’s key private-sector economic panel and a major state-linked research house have both warned that economic growth in 2026 is likely to remain below 2% amid rising global risks and domestic structural constraints.

#ThaiEconomy #เศรษฐกิจ #เศรษฐกิจไทย

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2 months ago

Finance Ministry forecasts 2% growth in 2026, warns of export and public investment headwinds Thailand’s economy is projected to grow by 2.0% in 2026, as domestic demand and tourism increasingly replace exports as the main growth drivers, although public investment is expected to contract amid risks of budget delays during the political transition, the Fiscal Policy Office (FPO) said. According to the Ministry of Finance, GDP growth in 2026 is forecast at 2.0% year-on-year (range: 1.5–2.5%), slowing from an estimated 2.2% expansion in 2025 (range: 2.0–2.5%).

The Finance Ministry projects Thailand’s economy will expand by 2.0% in 2026, supported by domestic demand and tourism, despite weaker exports and risks from delayed public investment.

#Thailand #ThaiEconomy #เศรษฐกิจ #เศรษฐกิจไทย

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2 months ago

Thai Exports Rise 16.8% in December, 2025 Shipments Hit Record USD 339.6bn Thailand’s exports expanded for an 18th consecutive month in December 2025, rising 16.8% year-on-year to US$28.93 billion, driven by strong growth in electronics and electrical appliances, the Ministry of Commerce said on Friday. Imports grew faster, up 18.8% to $29.28 billion, resulting in a monthly trade deficit of $352 million. For the full year 2025, exports increased 12.9% to a record $339.64 billion, equivalent to 11.14 trillion baht, while imports rose by the same rate to USD 344.94 billion, leaving an annual trade deficit of $5.31 billion.

Thailand’s exports extended their growth streak in December 2025, rising 16.8% year-on-year to nearly USD 29 billion, as strong electronics shipments offset weaker agricultural exports.

#Thailand #ThaiEconomy #Trade #ส่งออก #เศรษฐกิจ #เศรษฐกิจไทย

Asia Daily

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2 months ago

Thailand’s Economic Crossroads: Industrial Slump Drives Workers to Low-Paying Service Jobs Economic Slowdown Forces Thai Labor Market TransformationThailand faces a critical economic juncture as a prolonged industrial slowdown pushes workers from...

Thailand’s Economic Crossroads: Industrial Slump Drives Workers to Low-Paying Service Jobs #Thailand #ThaiEconomy #LaborMarket

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2 months ago

FTI sees Thai industry flat in 2026, urges AI adoption and deeper global supply-chain links The Federation of Thai Industries (FTI) expects Thailand’s industrial sector to remain largely flat in 2026, stabilising from a low base, amid continued economic volatility at home and abroad, according to its latest industry outlook report. The survey, conducted between October and December 2025, gathered views from chairpersons of 48 industry groups and presidents of regional industry councils from five regions nationwide to assess trends for 2026 compared with the previous year.

Thailand’s industrial sector is expected to remain largely flat in 2026 amid economic uncertainty, according to a new outlook report by the Federation of Thai Industries (FTI).

#Thailand #ThaiEconomy #เศรษฐกิจ #เศรษฐกิจไทย #ดัชนีความเชื่อมั่นภาคอุตสาหกรรม #อุตสาหกรรม

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2 months ago

Thailand’s 2026 GDP Growth Seen Slowing to 1.6% as Exports Contract, Tourism Recovery Gradual – Kasikorn Research Thailand’s economic growth is expected to slow to 1.6% in 2026, down from an estimated 2.0% in 2025, as exports are projected to contract and external risks intensify, according to Kasikorn Research Center. Kasikorn Research Center said exports, which were the main driver of growth last year, are expected to shrink by 1.2% in 2026, pressured by US trade policies, slowing global trade and heightened competition from Chinese goods.

Kasikorn Research Center said Thailand’s economic growth is expected to slow markedly in 2026 as exports are projected to contract under mounting global trade pressures, while a gradual recovery in tourism provides only limited support to the broader economy.

#Thailand #ThaiEconomy #เศรษฐกิจ

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3 months ago

ThaiBMA Flags Low Growth Outlook for 2026, Warns of Rising Corporate Bond Defaults and Payment Delays The Thai Bond Market Association (ThaiBMA) has projected Thailand’s economy to grow by just 1.5% in 2026, citing persistent global economic uncertainty, trade wars, geopolitical tensions, and the government’s limited fiscal and financial capacity. ThaiBMA warned that the sluggish economic outlook is likely to heighten risks in the corporate bond market, including an increase in defaults and requests for repayment extensions (bond delays).

The Thai Bond Market Association has warned that Thailand’s weak 2026 economic outlook, with GDP growth projected at just 1.5%, could heighten risks of corporate bond defaults and repayment delays amid ongoing global and domestic uncertainties.

#Thailand #Bonds #ThaiBonds #ThaiEconomy #เศรษฐกิจ

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3 months ago

JSCCIB Raises Alarm Over Strong Baht, Maintains 2026 GDP Forecast at 1.6–2.0% The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) expressed concern over the Thai baht’s 8.2% appreciation in 2025, the second-strongest in the region. The committee warned that the strong currency puts significant pressure on exporters, effectively acting like an additional tariff on the business sector and eroding competitiveness. Regulators were urged to monitor currency movements carefully, particularly those linked to gold prices and digital asset trading, and to increase transparency on offshore baht flows and non-resident transactions, without relying solely on traditional regulatory frameworks, to prevent undermining the real economy.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has raised concern over the Thai baht’s sharp appreciation, warning that it threatens exporters, while maintaining its 2026 GDP growth forecast at 1.6–2.0% despite multiple structural and external challenges.

#ThaiEconomy

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3 months ago

Thailand Faces “Perfect Storm” of Economic Pressures in 2026 Amid Global Volatility and Trade Risks Thailand’s industrial and export sectors are entering 2026 under a complex set of domestic and global pressures, raising concerns about competitiveness, trade stability, and economic growth. The Federation of Thai Industries (FTI), Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), the Thai Chamber of Commerce, and the Thai National Shippers’ Council (TNSC) have released assessments and recommendations. Economic and Industrial Outlook…

Thailand’s industrial and export sectors are facing a ‘perfect storm’ in 2026, as global economic volatility, geopolitical tensions, trade uncertainties, and domestic structural challenges converge to pressure growth, competitiveness, and trade stability.

#Thailand #ThaiEconomy #เศรษฐกิจ

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3 months ago

Thai Industrial Confidence Rises in November on Consumption Stimulus and Tourism Boost Thailand’s industrial confidence improved in November 2025, driven by stronger domestic consumption, a tourism rebound and year-end production, the Federation of Thai Industries (FTI) said on Thursday. FTI chairman Kriengkrai Thiennukul said the Industrial Confidence Index rose to 89.1 in November from 87.3 in October, supported by government consumption stimulus measures, including the Half-Half Plus scheme, Travel and Earn Back, and welfare card top-ups.

Thailand’s Industrial Confidence Index rose to 89.1 in November 2025 from 87.3 in October, supported by consumption stimulus measures, a tourism rebound and stronger year-end production, the Federation of Thai Industries said.

#Thailand #ThaiEconomy #เศรษฐกิจ #เศรษฐกิจไทย

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3 months ago

Thailand MPC Cuts Policy Rate to 1.25%, Sees GDP Growth Slowing in 2026 Thailand’s Monetary Policy Committee (MPC) voted unanimously on December 17 to cut the policy interest rate by 0.25 percentage point to 1.25%, effective immediately, while projecting economic growth of 2.2% in 2025, slowing to 1.5% in 2026 before picking up to 2.3% in 2027. MPC Secretary Sakkapop Panyanukul said the economy in 2026 and 2027 is expected to moderate from the first half of 2025, with private consumption forecast to slow in line with income.

The Monetary Policy Committee cut the policy rate by 0.25 percentage point to 1.25% and projected GDP growth of 2.2% in 2025, easing to 1.5% in 2026 before rebounding to 2.3% in 2027, citing a weakening economic outlook and subdued inflation.

#Thailand #ThaiEconomy #Exports #เศรษฐกิจ #เศรษฐกิจไทย

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4 months ago

Household Debt Falls in Q2 2025, But Debt Servicing Remains a Concern, NESDC Says Thailand’s household debt fell slightly in the second quarter of 2025, driven by reduced lending from financial institutions, the National Economic and Social Development Council (NESDC) reported. The household debt-to-GDP ratio declined to 86.8%, down from 87.1% in the first quarter. Total household debt reached 16.31 trillion baht, a decrease of 0.3% from the previous quarter as lenders became more cautious due to worsening credit quality.

Thailand’s household debt eased slightly in Q2 2025, but rising non-performing loans highlight ongoing risks to debt repayment capacity, the NESDC warns.

#Thailand #ThaiEconomy #หนี้ครัวเรือน

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4 months ago

Industrial Confidence Index Slightly Falls as FTI Calls for Government “Quick Big Win” Measures The Federation of Thai Industries (FTI) reported a slight decline in Thailand’s Industrial Confidence Index (ICI) for October 2025, signaling cautious sentiment among manufacturers. The ICI dropped to 87.3, down from 87.8 in September, reflecting weaker export demand and rising domestic challenges, according to FTI Chairman Kriengkrai Thiennukul. The decline was primarily driven by reduced exports of durable goods, including internal combustion engine (ICE) vehicles and air conditioners, due to slower demand in the Australian and U.S.

Thailand’s Industrial Confidence Index slipped in October 2025 as exporters faced weaker global demand, rising imports, and domestic challenges, prompting the Federation of Thai Industries to call on the government for urgent ‘Quick Big Win’ measures to boost the economy.

#Thailand #ThaiEconomy

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4 months ago

Thailand’s Q3 Economy Slows to 1.2%, NESDC Projects 1.7% Growth in 2026 Amid Global Risks Thailand’s economy expanded 1.2% year-on-year (YoY) in the third quarter of 2025, slowing from 2.8% in the second quarter, according to the Office of the National Economic and Social Development Council (NESDC). On a seasonally adjusted basis, the economy contracted 0.6% from the previous quarter. For the first nine months of 2025, growth reached 2.4%. NESDC projects the Thai economy to expand 2.0% in 2025, down from 2.5% in 2024, with headline inflation averaging -0.2% and a current account surplus of 2.8% of GDP.

Thailand’s economy grew 1.2% year-on-year in the third quarter of 2025, slowing from 2.8% in Q2, as private consumption and investment rose while manufacturing and exports moderated, with the NESDC projecting 2.0% growth for 2025 and 1.7% for 2026.

#Thailand #ThaiEconomy #เศรษฐกิจ #เศรษฐกิจไทย

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5 months ago

Despite Stronger Global Outlook, JSCCIB Maintains 2025 GDP Forecast for Thailand Despite better-than-expected global economic growth, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has maintained its 2025 GDP forecast for Thailand at 1.8%–2.2%, similar to earlier estimates. The committee also provided a full set of economic forecasts, including exports and inflation projections. The global economy has expanded more strongly than expected, led by sustained U.S. growth despite new tariffs.

Despite stronger-than-expected global economic growth, Thailand’s Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has maintained its GDP forecast for 2025 at 1.8%–2.2%, citing structural challenges in the domestic economy.

#Thailand #ThaiEconomy #เศรษฐกิจ #เศรษฐกิจไทย

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5 months ago

Government Pushes “Quick Big Win” Measures to Boost Economy, Relieve Debt, and Promote Clean Energy The Bhumjaithai-led government is advancing its “Quick Big Win” economic strategy, rolling out measures to stimulate the economy, reduce household debt, and promote clean energy. Key initiatives include the expansion of the Khon La Khreung Plus program, which aims to boost domestic spending and distribute funds nationwide. The government has emphasized that vulnerable groups who missed out due to the program’s first-come, first-served system will be included in a second phase, with the Ministry of Interior coordinating from provincial governors down to district officials.

The Thai government is accelerating its “Quick Big Win” economic strategy with new measures to boost domestic spending, relieve household debt, and promote clean energy ahead of the final quarter of 2025.

#Thailand #ThaiEconomy #เศรษฐกิจ #เศรษฐกิจไทย