Robust exports, government stimulus and easing tensions in the Middle East could lift Thai GDP growth to 2.3% this year, beating the previous projection of 1.5%, says the Bank of Thailand.
The Bank of Thailand has upgraded its GDP growth forecast for 2026 to 2.3% from 1.5%, attributed to strong exports, government stimulus and easing geopolitical tensions in the Middle East.The moves comes as the central bank's Monetary Policy Committee (MPC) on Wednesday voted unanimously to maintain the policy rate at 1%, as the market expected.
The committee slashed the GDP growth forecast for 2027 to 1.8% from 2% due to the base effect, said MPC secretary Don Nakornthab.
"Thailand's economic expansion is projected to be stronger than previously assessed, but growth remains low and uneven," Mr Don told a briefing.
Growth was supported by merchandise exports and private investment associated with the technology and artificial intelligence cycle, he said.
