Thai Enquirer
JSCCIB Raises 2026 Growth and Export Forecasts
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Thailand’s leading private-sector committee projects stronger economic growth and exports this year than it anticipated in June–August, despite mounting risks from flooding, higher oil prices and rising borrowing costs.
Key facts
- The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said its September–October forecast puts 2026 GDP growth at 2.1–2.5%, up from its earlier estimate of 1.6–2.0%
- The JSCCIB said Brent crude prices had risen to $102 a barrel from $95 in September, even as Middle Eastern supplies returned close to pre-conflict levels.
- It also cited US 30-year Treasury yields reaching 5%, reflecting concerns over US public finances and increased fundraising by major cloud and technology companies
- Looking further ahead, the committee said public- and private-sector priorities were aligned with the 14th National Economic and Social Development Plan, which targets annual economic growth of at least 3% and growth of 5.5% in targeted
Summary
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said its September–October forecast puts 2026 GDP growth at 2.1–2.5%, up from its earlier estimate of 1.6–2.0%. It expects exports to expand 12–16%, compared with the previous projection of 8–10%, while its inflation forecast remains unchanged at 2.5–3.0%.
The improved outlook comes as Thailand prepares to host the IMF–World Bank Group Annual Meetings on Oct. 12–18. The event is expected to attract more than 15,000 leaders, policymakers and executives, providing an opportunity to strengthen investor confidence and connect Thai businesses with global markets, the committee said.