Thai Banks Assoc.: GDP '68 Exceeds Expectations, Government Efficiency Praised

MGR Online•Economy•1d ago

Reader Briefing

Thai Banks Association hails government's economic management for exceeding GDP growth targets in 2025 and boosting confidence for continued policy.

•The Thai Banks Association (TBA) praised the government's economic policy efficiency following positive GDP growth figures for 2025.
•GDP growth in the fourth quarter of 2025 reached 2.5%, leading to an annual growth of 2.4%, surpassing previous forecasts.
•The TBA has revised its GDP growth forecast for 2026 to a range of 1.5%–2.5%, citing the positive momentum and government's proactive measures.
•Businesses are focused on government stability, the prompt approval of the 2027 budget, and efficient state spending to maintain economic momentum.

•NESDC reported Q4/2025 GDP grew 2.5%, exceeding the 1.3% forecast.
•Full-year 2025 GDP grew 2.4%, exceeding the 2.0–2.2% forecast.
•The GDP growth forecast for 2026 has been revised to 1.5–2.5%.
•This growth reflects the efficiency of the government's economic policy drivers, working professionally and in close coordination with the private sector.
•The 'Quick Big Win' measures played a crucial role in stabilizing the short-term economy while laying long-term foundations.
•The government communicated directly about fiscal discipline limitations and a credible medium-term fiscal framework, building investor confidence.
•The 'Connect the Dots' initiative to link government data is improving systemic risk management, such as tracking illicit funds.
•The private sector, through initiatives like PromptBiz, is ready to support government policies to reduce trade costs and increase liquidity.

Full article content is available on the original source.

Phayong Srivanich

"The key challenge from now on is not just maintaining growth, but continuously building trust and confidence in the Thai economy."

โจทย์สำคัญจากนี้ไม่ใช่เพียงการรักษาอัตราการเติบโต แต่คือการสร้าง Trust and Confidence ต่อเศรษฐกิจไทยอย่างต่อเนื่อง

Phayong Srivanich

"The government has professionals with direct experience taking charge and acting immediately."

การที่รัฐบาลได้มืออาชีพที่มีประสบการณ์ตรงเข้ามาบริหารงานและสามารถ Action ได้เลย

Thai Banks Association(สมาคมธนาคารไทย)

A leading financial industry association in Thailand that analyzes and comments on economic performance and government policy.

Krungthai Bank Public Company Limited (KTB)(ธนาคารกรุงไทย จำกัด (มหาชน)(KTB))

A major commercial bank in Thailand, whose Managing Director also heads the Thai Banks Association.

The Office of the National Economic and Social Development Council (NESDC)(สำนักงานสภาพัฒนาการเศรษฐกิจและสังคมแห่งชาติ)ℹ️

A government agency responsible for economic and social planning and reporting, which released GDP data.

The Federation of Thai Industries (FTI)(สภาอุตสาหกรรมแห่งประเทศไทย)ℹ️

A major industrial association in Thailand collaborating with the TBA and the Thai Chamber of Commerce on economic initiatives.

The Thai Chamber of Commerce(สภาหอการค้าแห่งประเทศไทย)ℹ️

A key business association in Thailand, partnering with the Thai Banks Association and the Federation of Thai Industries on economic projects.

Phayong Srivanich(นายผยง ศรีวณิช)

Managing Director of Krungthai Bank (KTB) and President of the Thai Banks Association, providing commentary on economic trends.

Dr. Ekniti Nitithanprapas(ดร.เอกนิติ นิติทัณฑ์ประภาศ)

A professional with direct experience appointed to manage economic affairs, contributing to Thailand's economic progress amidst volatility.

Khun Supajee Suthamphant(คุณศุภจี สุธรรมพันธุ์)

A professional with direct experience appointed to manage economic affairs, contributing to Thailand's economic progress amidst volatility.

Khun Sihasak Phuangketkeow(คุณสีหศักดิ์ พวงเกตุแก้ว)

A professional with direct experience appointed to manage economic affairs, contributing to Thailand's economic progress amidst volatility.

Reinvent Thailand

An economic strategy emphasizing integrated design and comprehensive development from upstream to downstream.

Quick Big Win

An economic measure that played a significant role in stabilizing the short-term economy.

Connect the Dots

An initiative to enhance government data linkage for systemic risk management, particularly concerning illicit finance.

PromptBiz

A private sector project driven by business associations to reduce trade costs, improve liquidity, and promote financial inclusion.