Thai finance minister sees 2.5% growth next year on investment-led policies

Thailand's economy is projected to grow by 2.5% in 2027, with potential for expansion of 3% over the next three years, according to Finance Minister Ekniti Nitithanprapas. The government is focusing on attracting investments in key sectors, particularly niche semiconductor industries. The minister believes growth could surpass forecasts from the Bank of Thailand and other entities.

He emphasized the need to reduce reliance on export sectors and keep pushing domestic investment. Inflation and baht volatility are not significant concerns, with the central bank targeting inflation within 1% to 3%. The government's consumer subsidy scheme, aimed at helping those affected by rising living costs, is projected to contribute 0.4% to 0.5% of GDP growth in 2026. Thailand aims to invest $80 billion in semiconductor sectors by 2050, creating over 230,000 jobs.