The National Economic and Social Development Council of Thailand (NESDC) expects the Thai economy to sustain its upward momentum in 2025 with a growth of 2.3-3.3% despite growing risks.

Thailand’s economy is expected to recover in 2022, growing 2.8-3.7 percent, depending mostly on the severity of the Omicron variant, according to Kasikorn Research Centre (K-Research).

Thailand's household debt rose to 14.13 trillion THB or 90.5 percent of GDP in the first quarter, hitting the highest level in 18 years, reported the Kasikorn Research Center (K-Research).

Thailand’s latest wave of COVID-19 since late March would affect people’s travel plans during the traditional New Year (Songkran) festival, and cost the local tourism industry around 10 billion THB in revenue in the second quarter of 2021, the Kasikorn Research Centre (K-Research) said on April 13.

The Kasikorn Research Centre (K-Research) has revised down its economic projection for Thailand to minus 6 percent from the previous minus 5 percent amid a highly uncertain global economy.

The Kasikorn Research Centre (K-Research) has revised down Thailand’s economic growth this year to 2.5 percent from the initial projection of 2.8 percent and projected the next year’s growth at 2.7 percent.