Thailand's Economic Growth Forecast: 2.2% in 2025 Before Slowdown

Central Bank's Economic Projections

Thailand's central bank has projected that the country's economy will grow by 2.2% in 2025. However, the bank anticipates that the economic momentum will slow down in 2026 and 2027. This forecast was revealed in the minutes from the bank's recent policy meeting.

Monetary Policy Considerations

The monetary policy committee has indicated that the current economic conditions allow for a more accommodative monetary policy. This decision is largely influenced by the economy showing clearer signs of slowdown amid increasing risks. The committee also noted that core inflation is expected to remain low, primarily attributed to supply-side factors.

Economic Outlook and Risks

The central bank's projection suggests a cautious outlook for Thailand's economy in the coming years. While there is growth expected in 2025, the subsequent years are anticipated to see a slowdown. This forecast is crucial for businesses and investors to plan their strategies accordingly.