IMF Forecasts Thailand's GDP Growth at 2.1% for 2026-2027, Lowest in ASEAN-5; Private Sector Urges AI Investment and Structural Reforms

Key summary

The International Monetary Fund (IMF) projects that Thailand's economy will expand by only 2.1% in 2026 and 2027, marking the lowest growth rate among ASEAN-5 nations. While the Bank of Thailand estimates a slightly higher figure of 2.3% for the current year driven by exports and investment, private sector leaders warn that structural issues like stagnant domestic investment and high household debt are limiting potential. Experts suggest adopting artificial intelligence to boost competitiveness and reduce costs, though small and medium enterprises (SMEs) face funding shortages. The Thai government is urged to accelerate reforms to unlock investment and raise growth targets above 3%.