EIC sees new government by MayListen to this articleSCB's Economic Intelligence Center (EIC) expects the formation of a new government to take around five months, which could weigh on the economy, with growth projected at less than 1% in the first half of this year. EIC, the research arm of Siam Commercial Bank, estimates the new government to take office in May following the general election scheduled for Feb 8. These reforms span multiple areas, including household debt, competitiveness, infrastructure investment, environmental risks, demographic challenges, labour quality, inequality, social welfare and public sector governance. Against the backdrop of delayed fiscal budget disbursement and external risks, EIC projects GDP growth of only 1.5% this year, with expansion in the first half less than 1%. Exports are expected to decline this year after strong growth in 2025, as clearer US import tariffs and intensifying global competition weigh on external demand, noted EIC.

Source: Bangkok Post January 24, 2026 00:17 UTC