Thai Economy Forecast Raised to 2.2% Growth for 2026

Khaosod•Economy•1d ago

Reader Briefing

SCB EIC has revised the Thai economic growth forecast for 2026 upward to 2.2% and for 2027 to 2.1%.

•SCB EIC raised the 2026 growth forecast from 2.0% to 2.2% and the 2027 forecast from 1.9% to 2.1%.
•Growth is driven by investment and exports in digital and electronics industries.
•Private sector investment has accelerated for five consecutive quarters.
•Risks include energy price volatility and potential US import tax increases.

•SCB EIC revised the Thai economic growth forecast for 2026 to 2.2% from an initial 2.0%.
•SCB EIC revised the Thai economic growth forecast for 2027 to 2.1% from an initial 1.9%.
•Growth in the Thai economy is driven by investment and exports in the digital and electronics sectors.
•Private sector investment in the Thai economy has accelerated for five consecutive quarters.
•High investment promotion values from the BOI are seen in digital infrastructure, data centers, and electronics.
•Electronic exports are growing due to the global AI investment cycle.
•The Thai economy relies heavily on imports of raw materials, intermediate goods, and capital goods for digital and electronics activities.
•SCB EIC notes risks from volatile energy prices and future US import tax increases.

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SCB EIC(ศูนย์วิจัยเศรษฐกิจ และธุรกิจ ธนาคารไทยพาณิชย์ (SCB EIC))

The entity that revised the Thai economic growth forecasts for 2026 and 2027.

Board of Investment (BOI)(สำนักงานคณะกรรมการส่งเสริมการลงทุน (BOI))

The organization whose investment promotion values remain high, particularly in digital infrastructure and data centers.

United States(สหรัฐฯ)ℹ️

The country that may announce additional import tax increases in the future.

Middle East(ตะวันออกกลาง)ℹ️

The region where conflicts are affecting the Thai economy, though government measures help mitigate the impact.