JSCC Raises 2026 GDP Forecast and Proposes Diesel Export Opening

Matichon•Economy•20d ago

Reader Briefing

The Joint Standing Committee on Commerce, Industry and Banking (JSCC) has raised Thailand's 2026 GDP growth forecast to 2.1-2.5%.

•The JSCC meeting took place on September 2 at the Golden Tulip Sovereign Hotel Bangkok.
•JSCC revised the 2026 GDP growth estimate upward to 2.1-2.5% from the previous 1.6-2.0%.
•JSCC proposed that the government allow the private sector to export diesel oil to manage high domestic stocks.
•The JSCC established a Data Center working group to drive the business and link it to other sectors.

•On September 2, Payong Srivanich presided over the JSCC meeting at the Golden Tulip Sovereign Hotel Bangkok.
•The JSCC proposed the government allow the private sector to export diesel oil to manage high domestic stocks while global stocks remain low.
•The JSCC has monitored the K-shaped Economy since June 2026, noting growth concentration in digital economy and AI sectors, particularly among investors from China, the US, and Singapore.
•Thai-owned businesses in 7 industries under Reinvent Thailand saw production decrease by an average of 8% over the past 5 years, while foreign enterprises decreased by 19%.
•The JSCC adjusted the 2026 GDP growth forecast to 2.1-2.5% and export growth forecast to 12-16%.
•The JSCC noted that Thailand captures less domestic value because of high reliance on import content.
•The JSCC appointed a Data Center working group to enhance the ecosystem and link the business from upstream to downstream.
•The JSCC suggested integrating data from the Office of Industrial Economics, the Federation of Thai Industries, and the Social Security Office to reform economic structures.

Full article content is available on the original source.

Payong Srivanich

"The differences that have occurred make looking at economic figures in a general overview alone insufficient."

ความแตกต่างที่เกิดขึ้นทำให้การมองตัวเลขทางเศรษฐกิจในลักษณะภาพรวมเพียงอย่างเดียวไม่เพียงพอ

Payong Srivanich(ผยง ศรีวณิช)

Chairman of the Thai Bankers Association and president of the JSCC meeting.

Pimjai Lee-issaranukul(พิมพ์ใจ ลี้อิสสระนุกูล)

Chairman of the Federation of Thai Industries.

Athip Peechanon(อธิป พีชานนท์)

Vice Chairman of the Thai Chamber of Commerce.

Joint Standing Committee on Commerce, Industry and Banking(คณะกรรมการร่วมภาคเอกชน 3 สถาบัน)

A joint committee of three private sector institutions that analyzes economic data and makes policy proposals.

Thai Bankers Association(สมาคมธนาคารไทย)

An association whose chairman presided over the JSCC meeting.

Federation of Thai Industries(สภาอุตสาหกรรมแห่งประเทศไทย)ℹ️

A private sector organization that previously proposed the diesel export opening.

Thai Chamber of Commerce(สภาหอการค้าแห่งประเทศไทย)

A private sector organization represented by its Vice Chairman at the JSCC meeting.

Office of Industrial Economics(สำนักงานเศรษฐกิจอุตสาหกรรม)

A government agency whose data the JSCC suggests integrating for economic structural analysis.

Social Security Office(สำนักงานประกันสังคม)

A government agency whose data the JSCC suggests integrating for economic structural analysis.

Golden Tulip Sovereign Hotel Bangkok(โรงแรมโกลเดน ทิวลิป ซอฟเฟอริน กรุงเทพฯ)

The venue where the JSCC meeting was held on September 2.

Reinvent Thailand

A framework under which 7 Thai industries experienced production declines.