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Bank of Thailand boss sees revised GDP data growth of up to 2.9% as Bangkok watches White House moves
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Key facts
- Thailand’s GDP growth could hit 2.9% as revised factory data lifts forecasts
- Democratic election victory shakes US policy as Bank of Thailand lifts growth forecast for all 2026
- Thailand’s economic growth could jump to 2.9% after sweeping revisions to factory output figures, Bank of Thailand Governor Vitai Ratanakorn revealed on Thursday
- Meanwhile, the central bank has raised its export growth forecast to 22%
- Yet Washington’s next moves remain uncertain, with oil prices already falling 9% amid expectations of easing Middle East tensions.
- The central bank now expects Thailand’s economy to expand by 2.4% in 2026, compared with 2.3% previously
Summary
### Thailand’s GDP growth could hit 2.9% as revised factory data lifts forecasts. Governor Vitai Ratanakorn sees exports surging 22%. Meanwhile, Trump’s US election defeat raises hopes for Thai trade but clouds tariff talks and possible new Iran strikes.
Thailand’s economic growth could jump to 2.9% after sweeping revisions to factory output figures, Bank of Thailand Governor Vitai Ratanakorn revealed on Thursday. Meanwhile, the central bank has raised its export growth forecast to 22%. However, President Donald Trump’s crushing midterm election setback has thrown fresh uncertainty over US tariffs, Bangkok’s pending trade deal and possible renewed American-Israeli strikes against Iran.
Thailand’s economic outlook has strengthened following a sharp upgrade in export forecasts and sweeping revisions to manufacturing statistics. However, the Republican Party’s defeat in Tuesday’s US midterm elections has introduced fresh uncertainty over American trade and military policy.