Thai business leaders upbeat after Democrat gains in US vote
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) expects geopolitical tensions and volatility in global energy markets caused by the Middle East conflict to ease following the Democrats' victory in the US midterm elections.
Thai business leaders expressed optimism following Democrats' victory in the US midterm elections. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) anticipates that the midterm election results, securing a majority in both Senate and House of Representatives, will ease geopolitical tensions and volatility in global energy markets stemming from the Middle East conflict.
Poj Aramwattananont, chairman of the Thai Chamber of Commerce, stated that this shift could potentially stabilize energy prices and reduce supply chain disruptions linked to the conflict. However, Poj declined to comment on US foreign policy, acknowledging it as a highly sensitive issue for Thailand. The committee also revised its export growth forecast to 18-22% for 2026, up from 12-16% earlier, while lowering its inflation projection to 2.1-2.5% from 2.5-3.0%.
Despite the improved outlook, the committee remains concerned about the uneven recovery across different sectors, with digital technology-oriented industries benefiting while those reliant on domestic consumption continue to struggle.
Written by urgent.news from Bangkok Post Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Panel upbeat after Democrat gains in US midterms bangkokpost.com
