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'Ekkanit' Eyes 3%+ GDP Growth, Fuels Investment, and Speeds Up Economy

'Ekkanit' Eyes 3%+ GDP Growth, Fuels Investment, and Speeds Up Economy

Thansettakij•Economy•1d ago

Reader Briefing

Thai economy shows signs of recovery, with expectations of over 3% GDP growth in 2026 driven by increased investment and consumption.

  • •Thailand's GDP is projected to grow by over 3% in 2026, signaling a recovery from previous slowdowns.
  • •Q4 2025 saw economic expansion of 2.5%, exceeding forecasts and boosting momentum for 2026.
  • •Investment, both public and private, played a crucial role, with strong growth in government spending attracting private sector confidence.
  • •Private consumption also contributed significantly, supported by government stimulus measures.

Overview

  • •In Q4 of 2022, the Thai economy expanded by 2.5%, exceeding the Thai Fiscal Policy Office's forecast of 1.8% due to the strong performance of investments and private consumption.
  • •In Q4 of 2022, the overall investment expanded by 8.1%, comprising a 13% increase in public investment and a 6% increase in private investment.
  • •Private consumption in Q4 of 2022 expanded by 3.3%, benefiting from economic stimulus measures and an increase in state welfare card allocations.
  • •Thailand's nominal GDP in Q4 of 2022 reached nearly 19 trillion baht, approximately 18.97 trillion baht, surpassing previous estimates by 300 billion baht.
  • •S&P maintained confidence in Thailand's fiscal and economic stability based on an assessment in November, and Thailand's current account surplus was approximately 3.1% of GDP.
  • •The Thai economy is described as 'a patient out of the ICU,' requiring continued exercise and strength-building to achieve full potential.
  • •The goal for 2026 is to achieve GDP growth exceeding 3%, with a focus on accelerating investment to drive economic speed.
  • •The government has utilized measures such as BOI Fast Pass to unlock investment barriers and expedite foreign capital inflow.

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Source: Thansettakij (Original)

Key Quotes

Ekkanit
"As Dr. Ek, we know we have taken the patient out of ICU, but for the patient to regain strength, we must exercise and build body strength. This will be a very important factor, and we hope that GDP in 2026 will expand by over 3%. "
ในฐานะ หมอเอก เรารู้แล้วว่าเรานำคนป่วยออกจาก ICU แล้ว แต่จะทำให้คนป่วยกลับมาเข้มแข็งได้ เราต้องกำลังกายและทำให้ร่างกายแข็งแรง จะเป็นปัจจัยที่สำคัญมากๆ ซึ่งเราหวังว่าจีดีพีปี 2026 จะขยายตัวได้ 3 พลัส
Ekkanit
"We have pulled the car out of the mud, and the next plan is to make the car run faster, which will drive this year to be a year of continuous investment."
เรางัดรถยนต์พ้นจากหล่มแล้ว และแผนต่อไป คือ จะทำให้รถยนต์วิ่งได้เร็วขึ้น ซึ่งจะผลักดันให้ปีนี้เป็นปีแห่งการลงทุนต่อเนื่อง
Ekkanit
"When the government leads the way, it will result in the private sector gaining confidence and investing, including the use of BOI Fast Pass measures to unlock obstacles and accelerate foreign investment into the economic system."
เมื่อภาครัฐนำร่อง จะส่งผลให้เอกชนเกิดความมั่นใจและลงทุนตาม และรวมถึงการใช้มาตรการ BOI Fast Pass เพื่อปลดล็อกสิ่งกีดขวาง และเร่งให้เม็ดเงินลงทุนจากต่างประเทศไหลเข้าสู่ระบบเศรษฐกิจได้รวดเร็วขึ้น

Key Entities

Person

Ekkanit(เอกนิติ)
A government official, referred to as 'Dr. Ek,' discussing Thailand's economic outlook and growth strategies.

Organization

Thai Fiscal Policy Office(สำนักงานเศรษฐกิจการคลัง)
The government agency that provides economic forecasts for Thailand.
Board of Investment(BOI)ℹ️
The organization responsible for promoting investment in Thailand, implementing the 'BOI Fast Pass' measure.
S&Pℹ️
A credit rating agency that assessed Thailand's fiscal and economic stability.