Thailands ...
Thailands Economic Outlook Amid Global Trade Tensions
Thailand's economy is projected to grow between 2.4% and 2.9% in 2025, despite challenges posed by global trade tensions and increased competition from imports. The Joint Standing Committee on Commerce, Industry, and Banking highlighted weak domestic demand and a strengthening baht as factors affecting exports, a key driver of the economy. The committee maintained its export growth forecast at 1.5% to 2.5% for the year, even amid concerns over U.S.-China trade disruptions
In response to these economic challenges, the Thai government plans to implement the third phase of its 450 billion baht ($13.4 billion) stimulus scheme in the second quarter of 2025. This initiative includes a "digital wallet" handout, providing 10,000 baht ($300) to approximately 45 million people to spend within their local areas over six months. To date, 17.5 million people have received payments since the scheme's launch in September 2024.
Additionally, Thailand is actively seeking to attract semiconductor investments amid renewed trade tensions between the U.S. and China. The country aims to have an initial draft of a strategic plan for its semiconductor sector ready within the next 90 days, with the goal of securing around 500 billion baht in new investments by 2029. This effort includes organizing promotional trips to the United States and Japan to attract semiconductor investments.
These developments reflect Thailand's proactive approach to navigating global economic uncertainties and its commitment to fostering sustainable growth through strategic investments and targeted economic measures.
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