thailandedition
NESDC: Q4/2025 Economy Grew Surprisingly Well, 'Kon La Kreung' Needs Care

NESDC: Q4/2025 Economy Grew Surprisingly Well, 'Kon La Kreung' Needs Care

Matichon•Economy•1d ago

Reader Briefing

The NESDC reported surprisingly strong Q4/2025 economic growth, attributing it to private and public investment and state enterprise spending, while urging careful consideration for future 'Kon La Kreung' phases.

  • •The NESDC acknowledged surprisingly robust economic growth in Q4/2025, exceeding expectations.
  • •Key drivers for the full-year 2025 growth included private and public investment, particularly in construction, and state enterprise spending.
  • •The NESDC stressed the need for appropriate implementation of future 'Kon La Kreung' phases, dependent on budget and economic conditions.
  • •Timely government formation after the 2026 election is crucial for the prompt preparation of the FY2570 budget to maintain economic momentum.

Overview

  • •The Q4/2025 GDP grew by 2.5%, contributing to a full-year 2025 GDP growth of 2.4%.
  • •Consumption expenditure expanded to 3.3% from 2.5% due to measures like 'Kon La Kreung'.
  • •State enterprises disbursed over 92 billion baht into the system.
  • •The NESDC forecasts 2026 economic growth to reach 2% in the central case, with various uncertainties remaining.
  • •A new government formed after the 2026 election must prioritize the FY2570 budget preparation.
  • •If a government is formed by March or early April 2026, the FY2570 budget preparation will be delayed by approximately 2 months.
  • •The NESDC is uncertain if the election results will be invalidated due to legal challenges against the Election Commission.
  • •The dissolution of parliament on December 12, 2025, had minimal economic impact due to its timing late in Q4.

Full article content is available on the original source.

Read on Matichon (Thai Version)View in Google Translate

Source: Matichon (Original)

Key Quotes

Danucha Pichayanan
"The Thai economy in Q4/2025 has adjusted very well. I myself admit to being surprised as it grew considerably beyond expectations."
เศรษฐกิจไทยในไตรมาส 4/2025 ถือว่าปรับตัวขึ้นมาได้ดีมาก ซึ่งตัวเองก็ยอมรับว่าแปลกใจเช่นกัน เพราะโตเกินกว่าคาดการณ์ไว้มากพอสมควร
Danucha Pichayanan
"The preparation of the FY2570 expenditure budget to disburse funds into the economic system as quickly as possible and without delay."
การจัดทำงบประมาณรายจ่ายปี 2027 เพื่อให้สามารถเบิกจ่ายเม็ดเงินเข้าระบบเศรษฐกิจได้เร็วที่สุดและต้องไม่ล่าช้า

Key Entities

Organization

National Economic and Social Development Council(สภาพัฒนาการเศรษฐกิจและสังคมแห่งชาติ)ℹ️
An economic planning agency that reported on Thai economic growth and future policy considerations.
Election Commission(คณะกรรมการการเลือกตั้ง)ℹ️
The electoral body facing legal challenges regarding the election process.

Person

Danucha Pichayanan(นายดนุชา พิชยนันท์)ℹ️
Secretary-General of the National Economic and Social Development Council (NESDC) who provided economic outlooks and policy commentary.

Policy

Kon La Kreung(คนละครึ่ง)
A government stimulus program aimed at boosting consumption, with a new phase being considered.