BANGKOK: Thailand plans to lift its economic growth potential to 3.0percent from 2.7percent by 2030, Finance Minister Ekniti Nitithanprapas said on Monday.
The government will drive economic growth through “four pillars” including new investment, trade and services like tourism and agriculture, a presentation by the ministry showed.
It will also develop human capital from strategic research and development and make it easier to do business, according to the presentation.
A leading joint business group last week raised its 2026 economic growth forecast to 1.6percent-2.0percent, citing support from government stimulus measures. Last year’s growth was 2.4percent.
The government has launched a 176 billion baht (USD5.4 billion) consumer subsidy scheme to ease the cost of living.
Last month Ekniti said he expected growth to top 3percent over the next one to two years, supported by new investments. The state planning agency maintained its 2026 growth outlook at 1.5percent to 2.5percent, despite stronger-than-expected first quarter growth, reflecting the impact of the war in the Middle East.
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