World Bank2025-05-012025-05-012025-05-01https://hdl.handle.net/10986/43149Thailand's economic activity showed mixed signals in February. A sharp contraction in private investment offset steady consumption and strong exports due to rising uncertainty. Goods exports remained a key driver, bolstered by robust shipments to the US and China, partly due to frontloading amid rising global trade uncertainties. However, mounting risks from international trade uncertainty are a concern. The tourism recovery softened, influenced by seasonal factors and a decline in Chinese arrivals. Additionally, the recent earthquake may negatively impact future tourist numbers. Inflation continued to decline in March, prompting further monetary easing. Financial markets weakened as risk-off sentiment and policy uncertainty eroded investor confidence, resulting in Thai baht depreciation despite a substantial current account surplus.en-USCC BY-NC 3.0 IGOECONOMIC GROWTHGOOD EXPORTSTOURISMPRIVATE CONSUMPTIONFISCAL STIMULUSBriefWorld Bank10.1596/43149