Nation Thailand
JSCCIB maintains Thailand’s GDP outlook amid continued SME pressure
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Payong Srivanich, chairman of the Thai Bankers' Association, chaired a meeting of the Joint Standing Committee on Commerce, Industry and Banking ( JSCCIB ).
Key facts
- Oil prices as of June 2026 declined from US$75 per barrel before the ceasefire to US$68 per barrel.
- Poj Aramwattananont, chairman of the Thai Chamber of Commerce and the Board of Trade of Thailand, and Pimjai Leeissaranukul, chair of the Federation of Thai Industries, joined the press conference.
- This is a key factor driving the Thai economy through continued strong export growth and improving private investment, with the Bank of Thailand recently revising its GDP forecast to 2.3%.
- Although Thailand improved to 26th place from 30th in the previous year in IMD’s latest 2026 assessment, several areas still need urgent action, while regional peers are catching up closely.
- The JSCCIB, together with the World Bank and the public and private sectors, is preparing to organise an affiliated programme for the 2026 IMF-World Bank Annual Meetings before October to demonstrate Thailand’s potential and build
Summary
Poj Aramwattananont, chairman of the Thai Chamber of Commerce and the Board of Trade of Thailand, and Pimjai Leeissaranukul, chair of the Federation of Thai Industries, joined the press conference.
The meeting assessed that the Thai economy had started to see positive factors after tensions in the Middle East eased, but the continuing concern was SMEs, which have yet to recover.