The World Bank – Thailand Economic Monitor, Feb 2025

Summary

The economy is estimated to have grown by 2.6 percent in 2024, surpassing expectations due to an unexpected surge in activity but the recovery continued to lag behind peers. Fiscal stimulus, strengthened electronics exports, and tourism arrivals offset slowing private consumption. Despite recent GDP growth, Thailand's recovery lags behind peers like Malaysia and the Philippines with GDP remaining below potential.

Region: Asia

Published: February 2025

Author(s): The World Bank

Language: English

Tech drivers: AI 3D Printing Robotics

Social drivers: Aging population Diversity and equality Pandemics Sustainability and ethics

Geopolitical drivers: Climate change Economic conditions Political instability and conflicts Regulatory changes Supply chains disruption Workforce availability

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