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Thailand raises economic growth forecast to 2.4%

Thailand's economic growth is expected to slow to 2% next year, primarily owing to accelerated exports in 2025, a measure taken to mitigate the impact of US tariffs.

Thailand raises economic growth forecast to 2.4% (Photo: REUTERS)
Thailand raises economic growth forecast to 2.4% (Photo: REUTERS)

Bangkok (VNA) - Thailand's economy is projected to grow 2.4% in 2025, slightly up from 2.2% in an earlier forecast, driven by year-end stimulus measures and robust export performance, the country's Ministry of Finance announced on October 31.

Private consumption is expected to expand 3%, boosted by the government's initiatives such as the co-payment programme, which aims to spur domestic consumption during the final quarter of the year, the ministry said in a statement.

Merchandise export value in USD is forecast to rise 10%, up from the previous projection of 5.5%, said Vinit Visessuvanapoom, director general of the ministry's Fiscal Policy Office.

The Southeast Asian country's economic growth is expected to slow to 2% next year, primarily owing to accelerated exports in 2025, a measure taken to mitigate the impact of US tariffs, Vinit told a news conference.

Last year, the Thai economy grew 2.5%./.

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