Thai economy expected to grow 3% next year, finance ministry says

BANGKOK: Thailand’s economy is expected to grow 3% in 2025, supported by private consumption, exports, investment and tourism, the finance ministry said on Thursday.

Southeast Asia’s second-largest economy is seen growing 2.7% this year, said the ministry, maintaining a previous forecast.

Growth was 1.9% last year, lagging regional peers.

Thailand expects 36 million foreign tourist arrivals this year and 39 million foreign tourists in 2025, the ministry said.

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Exports this year were seen growing 2.9%, stronger than a previous forecast of 2.7%.

Exports in 2025 are expected to grow 3.1%, the ministry said.