The bank’s course
Thailand wants to revive its economy, which has grown by an annual average of 2.34 percent over the past 5 years. The central bank calculates potential growth at 2.7 percent; it is projected that reaching this level could take at least 4 years.
GDP calendar
Finance Minister Ekniti Nitithanprapas announced that they aim to attract foreign investment to the following sectors in order to raise growth to 3 percent within three years:
- semiconductors
- data centers
- electric vehicles
The Minister, noting that the ratio of investment to GDP fell to 22-23 percent following the 1997 Asian financial crisis, considers this the main cause of slow growth. While public debt approaches its ceiling of 70 percent of GDP, the decline in tourist numbers and the trade agreement with Washington that has not been completed also pose obstacles.
Thailand data
Ekniti aims to make Thailand a neutral and reliable investment hub as geopolitical tensions rise. Analyses also recommend investment in new markets and technologies.