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2025-08-01 11:10:12
[Thailand's economy is expected to slow in the second half of the year] Pipat Luengnaruemitchai of Bank of America Securities stated that the Thai economy is facing strong headwinds, including a decline in tourism and uncertainty caused by increased US tariffs. Exports and manufacturing output fell month-on-month in June, but rose 0.6% year-on-year. The economist said that the recent strong performance of the manufacturing industry appears to be driven by temporary factors, namely increased electric vehicle production in response to government subsidies and companies exporting in advance of potential tariffs. He also said: "As tourism momentum weakens and these short-term drivers fade, we expect the country's economy to slow significantly in the second half of this year."
