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Macro - Country Economic Forecasts - Thailand

Publisher Oxford Economics
Published Aug 21, 2025
Length 9 Pages
SKU # OFE20418463

Description

The baseline US import tariff rate on Thai goods has nearly doubled, prompting us to nudge down our GDP growth forecast for Thailand to 1.9% in 2025. Growth momentum is set to weaken notably in H2 and will likely only slowly rebound next year. We forecast 1.3% growth in 2026.

Table of Contents

9 Pages
Thailand: Growth momentum set to weaken notably in H2
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
Alternative long-run scenarios
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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