Thailand’s 2025 economic growth target at risk of slowing
Bank of Thailand (BOT) Governor Sethaput Suthiwartnarueput has expressed his concerns over the country’s economic outlook for 2025, citing the failure of the government’s cash handout scheme to boost consumption in the fourth quarter of 2024.
People buy food at a market in Narathiwat province of Thailand. Photo courtesy of AFP/VNA.
The governor estimated 2024 GDP growth at 2.7%. The official growth rate will be released on February 17.
Sethaput expects inflation to reach 1.1% this year, aligning with the BOT’s target range of 1-3%. However, he raised concerns about the volatility of the baht.
The BOT's Monetary Policy Committee kept the policy interest rate steady at 2.25% in December, with the next meeting scheduled for February 26.
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