Bank of Thailand Raises Growth Forecasts but Warns Recovery Remains Concentrated
Thailand’s central bank raised its GDP forecasts to 2.4% for 2026 and 2.1% for 2027, citing stronger technology exports and private investment
The Bank of Thailand has increased its GDP growth forecasts for 2026 and 2027, projecting 2.4% and 2.1% respectively. This is due to stronger technology exports and private investment. However, the central bank maintains that the recovery remains concentrated in certain sectors, with household consumption weakening and SME lending contracting.
Policy rates remain at 1%. The bank attributes the uneven growth to high household debt, fragile employment, and limited purchasing power. Inflation risks include energy and food prices, geopolitical tensions, weather conditions, and currency pressure. Despite these concerns, the central bank expects overall growth to stay below potential.
Written by urgent.news from Thailand Business News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
