18 Nov 2024 Thai Economy Thai economy expanded by 3.0% YoY in 3Q24; KResearch maintains its 2024 growth forecast at 2.6%, but sees increased risks for next year (Business Brief No.4100 Full Ed.) คะแนนเฉลี่ย คะแนนเฉลี่ย 5 stars 4 stars 3 stars 2 stars 1 star Thailand’s economy grew by 3.0 percent YoY in 3Q24. Compared to the previous quarter, the economy expanded by 1.2 percent. The uptick was driven by a higher current account surplus bolstered by robust export performance, coupled with continued expansion in tourism receipts and private consumption, and substantial growth in public investment and consumption.Looking ahead to the final quarter of this year, the Thai economy is expected to expand at an accelerated pace. KResearch thus maintains its 2024 economic growth forecast at 2.6 percent. This projection is supported by exports, which are set to grow higher than prior estimate, driven by an upturn in the electronics cycle, plus public investment and consumption are also projected to record favorable growth in 4Q24, partly due to a low base effect. At the same time, private consumption is likely to benefit from the tourism season and government stimulus measures.Thailand’s economy is expected to face heightened risks in 2025. Close attention must be paid to President Donald Trump’s policies, particularly hikes in import tariffs, which could pose greater challenges to Thai exports going forward. Additionally, the tourism industry might be inhibited by the global economic downturn, especially China. However, public spending and investment are projected to accelerate and serve as key drivers for the country’s economic growth next year. Meanwhile, private investment is expected to improve, supported by foreign investment inflows. View full article Login / Register Or Enter the code from the poll Annotation This research paper is published for general public. It is made up of various sources. Trustworthy, but the company can not authenticate. reliability The information may be changed at any time without prior notice. Data users need to be careful about the use of information. The Company will not be liable to any user or person for any damages arising from such use. The information in this report does not constitute an offer. Or advice on business decisions Anyhow. Thai Economy GDP Related Analysis View all 12 Mar 2018 Thai Economy Households are Cautious about Spending in 1Q18 According to a survey on household economic conditions for February, views of Thai households across the country toward economic conditions and the cost of living over the next three months remained unchanged. This is reflected in the 3-month Expected KR-ECI that was static at 47.1 in February. Households still had positive views toward income and employment, given the daily minimum wage rise slated for April 2018, while prices of some key agricultural produce, namely “Hom Mali” rice and cassava, have begun to increase. However, households were concerned about growing debt.... Read more 0 KB 0 KB 19 Feb 2018 Thai Economy Thai economy continues to grow in 2018 Growth of 4.0% is expected (Business Brief No.3727) The Thai economy in 4Q17 was buoyed by high growth in exports and tourism, while household consumption started to improve compared to... Read more 0 KB 0 KB 9 Feb 2018 Thai Economy Official launch of EEC: Key to Thailand’s Economic Development (Current Issue No. 2899 Full Ed.) The National Legislative Assembly (NLA) has approved the Eastern Economic Corridor (EEC) bill which is expected to boost investor confidence in large-scale, long-term investments by providing private investors additional incentives, namely non-tax privileges and a speedier process for licensing, in addition to the government's efforts to promote EEC investment through infrastructure projects and tax incentives. ... Read more 0 KB 0 KB 22 Jan 2018 Thai Economy Thai Household Debt May Fall to 77-78% of GDP in 2018 (Current Issue No. 2896) In 3Q17, Thailand's household debt fell from 78.4 percent of GDP – as recorded in 2Q17 – to 78.3 percent of GDP, which could be the res... Read more 0 KB 0 KB 18 Jan 2018 Thai Economy Economy Likely Unfazed by THB5-22 Daily Minimum Wage Hikes Nationwide (Business Brief No.3722 Full Ed.) The National Wage Committee recently agreed to raise the daily minimum wage to THB315.97, on average, or a range of THB308-330 across the... Read more 0 KB 0 KB 12 Jan 2018 Thai Economy Household sentiment toward economy continues to improve for 3 straight months, sending positive signal for private consumption in 1Q18 ... Read more 0 KB 0 KB View all