Macro - Country Economic Forecasts - Thailand

Macro - Country Economic Forecasts - Thailand



We have maintained our forecast for GDP growth in Thailand at 2.5% in 2024. But we have downgraded our outlook for 2025 by 0.6ppts to 2.9% as domestic demand will likely remain lacklustre and the global environment won't provide a notable boost from external demand.


Thailand: Q4 rate cut unlikely despite slowing domestic demand
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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