The World Bank has revised Thailand's GDP growth forecast for 2025 down by 1.1 percentage points, now estimating growth at 1.8%.
This reduction is part of a broader adjustment in the World Bank's Global Economic Prospects report, which indicates a slowdown in global economic growth to 2.3%, the slowest pace in 17 years since the global financial crisis of 2008.
he report underscores that Thailand's economic outlook is being influenced by various global uncertainties that also affect other emerging markets and developing economies (EMDEs).
Factors contributing to this downturn include trade uncertainties and disruptions caused by natural disasters, exemplified by recent earthquakes that have impacted economic activities.
The World Bank's previous forecast for global economic growth was 2.7%, marking a notable reduction in expectations.
This adjustment reflects the compounded effects of geopolitical tensions, declining trade volumes, and increasing economic vulnerabilities among nations.
According to the World Bank, this anticipated growth rate of 2.3% for 2025 is extraordinary as it represents the slowest global economic growth rate observed in over a decade and a half, excluding during times of significant recession.
Emerging markets are particularly susceptible to these external shocks, and Thailand's economic performance is closely tied to the fluctuations in global demand and trade.
As the outlook continues to evolve, the focus will remain on how these global dynamics unfold and influence economic stability in regions such as Southeast Asia.
Factors contributing to this downturn include trade uncertainties and disruptions caused by natural disasters, exemplified by recent earthquakes that have impacted economic activities.
The World Bank's previous forecast for global economic growth was 2.7%, marking a notable reduction in expectations.
This adjustment reflects the compounded effects of geopolitical tensions, declining trade volumes, and increasing economic vulnerabilities among nations.
According to the World Bank, this anticipated growth rate of 2.3% for 2025 is extraordinary as it represents the slowest global economic growth rate observed in over a decade and a half, excluding during times of significant recession.
Emerging markets are particularly susceptible to these external shocks, and Thailand's economic performance is closely tied to the fluctuations in global demand and trade.
As the outlook continues to evolve, the focus will remain on how these global dynamics unfold and influence economic stability in regions such as Southeast Asia.
