Thai economy to maintain upward momentum in 2025
The National Economic and Social Development Council of Thailand (NESDC) expects the Thai economy to sustain its upward momentum in 2025 with a growth of 2.3-3.3% despite growing risks.
A corner of Bangkok, Thailand. Photo courtesy of Bangkok Post.
According to NESDC secretary-general Danucha Pichayanan, key drivers of growth include increased government consumption and investment, robust domestic private demand, continued recovery in the tourism sector, and sustainable expansion in exports.
He said key macroeconomic policy management priorities for next year comprise driving continuous growth in the export sector and preparing to address potential trade barriers resulting from the policies of the new US President.
Meanwhile, K-Research projected that the Thai economy will expand below 3% next year.
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