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Thailand's Growth Forecast Slashed Amid Trade Uncertainty

5/20/2025

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Summary

Story summary

Thailand's economic outlook has dimmed, with growth now projected at just 1.3-2.3% for 2023, a drop from earlier estimates. The impact of U.S. tariffs has disrupted trade, leading to a Q1 growth of 3.1% and a reduced tourism forecast of 37 million visitors. Ongoing uncertainty and hesitance in private investment threaten to further stifle growth in Q2.

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Story summary

Thailand's economic outlook has dimmed, with growth now projected at just 1.3-2.3% for 2023, a drop from earlier estimates. The impact of U.S. tariffs has disrupted trade, leading to a Q1 growth of 3.1% and a reduced tourism forecast of 37 million visitors. Ongoing uncertainty and hesitance in private investment threaten to further stifle growth in Q2.