Thai business group cuts 2026 GDP growth forecast to 1.2%-1.6%Thailand's ​economy is expected to ‌grow by 1.2% to 1.6% this year, a leading business group said on Wednesday, cutting its outlook from ​an ⁠earlier growth forecast of 1.6% to 2.0%. The Joint Standing Committee on Commerce, Industry ‌and Banking (JSCCIB) maintained its forecast for exports, a key driver of Thai growth, saying they were expected ⁠to fall by 0.5% to 1.5%. The Thai economy has been hurt by rising oil prices, the group said in a statement. The ‌group's inflation forecast for this year has been adjusted up to 2.0% ​to ⁠3.0%, from 0.2% to 0.7% previously. The government ⁠is planning an oil tax ​cut, a borrowing guarantee for the oil subsidy fund and other support measures to mitigate the impact of ‌rising oil ⁠prices.

Source: Bangkok Post April 01, 2026 07:26 UTC