Thai Examiner
Thailand’s GDP may get a bump up from the 3rd quarter after recent economic agency talks with PM Anutin
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Key facts
- Thailand’s weak GDP growth faces scrutiny as Anutin challenges the 2.1% forecast amid stronger indicators
- Officials uncover ฿800 billion in electronics output missing from Thailand’s industrial production index
- On Tuesday, the National Economic and Social Development Council (NESDC) denied orders to inflate growth but revealed ฿800 billion in electronics manufacturing output missing from official industrial calculations
- The discovery could lift Thailand’s projected 2.1% growth to as much as 2.6%, according to analysts
- NESDC says concerns date to 2024 as officials examine whether outdated industrial data miss factory growth
- Kasikorn Securities estimates GDP growth could rise by 0.2–0.5 points without any new economic activity
Summary
### Thailand’s GDP figures face a dramatic shake-up after Anutin questions weak GDP growth. Investigators uncover ฿800 billion in missing factory output. Analysts predict a possible rise in reported growth, while the NESDC chief denies political interference.
Prime Minister Anutin Charnvirakul has challenged Thailand’s dismal GDP growth figures, triggering a major review of the country’s economic statistics. On Tuesday, the National Economic and Social Development Council (NESDC) denied orders to inflate growth but revealed ฿800 billion in electronics manufacturing output missing from official industrial calculations. The discovery could lift Thailand’s projected 2.1% growth to as much as 2.6%, according to analysts.
Thailand’s weak economic growth figures have triggered a government review after Prime Minister Anutin Charnvirakul challenged the country’s disappointing performance.