Publication: Thailand Monthly Economic Monitor, September 2025
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2025-09-25
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2025-10-01
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Thailand’s economic momentum softened in Q2 2025 with growth lagging behind regional peers due to weak private consumption and tourism. High-frequency data confirmed this softening trend, with a slowdown in manufacturing and a continued drop in tourist numbers. However, investment and goods exports shored up the economy. On the policy front, the government remains committed to an expansionary fiscal stance, evidenced by a widening deficit, a larger FY2026 budget, and plans for additional stimulus. Inflation remained negative, creating room for potential monetary policy easing. The baht continued to be appreciated amid a strong trade surplus and portfolio inflows.
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“World Bank. 2025. Thailand Monthly Economic Monitor, September 2025. © World Bank. http://hdl.handle.net/10986/43795 License: CC BY-NC 3.0 IGO.”
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