World Bank2025-03-242025-03-242025-03-24https://hdl.handle.net/10986/42979Thailand’s economy grew by 3.2 percent year-on-year in Q4 2024, driven by a rebound in public investment and strong electronics exports, while private consumption saw a modest boost from fiscal stimulus. High-frequency indicators in January suggest continued expansion, supported by strong goods exports, improving investment, and a tourism rebound despite global trade uncertainty. The Bank of Thailand lowered the policy rate to 2.0 percent in February to ease debt pressures, while inflation remained within target. Despite a stronger current account balance, financial markets fluctuated, with the Thai baht depreciating in early March on general US dollar strength.en-USCC BY-NC 3.0 IGOECONOMIC GROWTHPUBLIC INVESTMENT REBOUNDFISCAL STIMULUSTOURISM REBOUNDBriefWorld Bank10.1596/42979