Macro - Country Economic Forecasts - Thailand

Macro - Country Economic Forecasts - Thailand

We're downgrading our 2024 GDP growth forecast for Thailand by 0.5ppts to 4.5% – which partly reflects our weaker global growth outlook, but importantly, also mirrors our weaker medium-term investment forecast in the absence of a new impetus to drive above-trend growth. Foreign direct investment into Thailand has declined in the past decade compared to the decade prior.