BANGKOK (Reuters) – Thailand’s economy is expected to grow 2.4% to 2.9% in 2025, with exports expected to rise 1.5% to 2.5%, a leading joint business group said on Wednesday.
For 2024, the group maintained its economic growth forecast of 2.8%. It maintained its export growth forecast for 2024 at 4%.
The group predicts 39 million foreign tourists this year – the level before the pandemic, but Sanan Angubolkul, president of the Thai Chamber of Commerce, said the number of visitors could reach 40 million, which would be a record.
Government policies would also help growth in the first half of 2025, it said.
Structural problems, including high household indebtedness and the competitiveness of small businesses, are holding back growth, the statement said, adding that uncertainty in global trade was a concern.
