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2026-02-16 11:06:54
[Weak Domestic Demand and High Debt Dragged Down Thailand's Q4 GDP Growth to 2.5%] Thailand's economy is expected to cool in 2025, with an annual growth rate of 2.4%, a slowdown from 2024 and below expectations, mainly due to domestic structural challenges and external uncertainties. Official data shows that GDP grew by 2.5% year-on-year in the fourth quarter, accelerating from the previous quarter, but still showing weak recovery. Deep-rooted structural problems such as high household debt, an aging population, and persistently weak consumer demand continue to constrain economic rebound. Private consumption, which accounts for half of the economy, grew by 3.3% year-on-year in the fourth quarter. After seasonal adjustment, the economy grew by 1.9% quarter-on-quarter in the fourth quarter, reversing the 0.3% quarter-on-quarter contraction in the third quarter. Looking ahead, the government expects Thailand's economy to grow by 1.5% to 2.5% in 2026.
