Thai Enquirer
Private-sector panel raises 2026 GDP growth forecast to 2.1%-2.5%
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◌ Single Source
Thailand’s leading private-sector group has raised its 2026 economic growth forecast to 2.1%-2.5% from 1.6%-2.0%, citing stronger-than-expected exports and private investment.
Key facts
- The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) also raised its export growth forecast to 12%-16% from 8%-10%, while maintaining its inflation forecast at 2.5%-3.0%.
- The central bank’s inflation forecast is higher, at 2.8% for 2026, within the JSCCIB’s range
- It expects core inflation of 1.5% and economic growth to slow to 1.8% in 2027.
- The National Economic and Social Development Council (NESDC) expects growth of 2.0%-2.5%, with a midpoint of 2.2%, while the Bank of Thailand forecasts 2.3%.
- The NESDC expects exports to rise by 15.1%, within the JSCCIB’s revised range, and private investment to expand by 9.6%
- It forecasts private consumption growth of 2.6% and inflation of 1.5%-2.0%.
Summary
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) also raised its export growth forecast to 12%-16% from 8%-10%, while maintaining its inflation forecast at 2.5%-3.0%.
The revised growth range is broadly in line with the latest official projections. The National Economic and Social Development Council (NESDC) expects growth of 2.0%-2.5%, with a midpoint of 2.2%, while the Bank of Thailand forecasts 2.3%.