Thai Prime Minister Anutin Expresses Confidence in GDP Growth Exceeding 2.1% Amid Rising Foreign Investment and Exports

Key summary

Prime Minister Anutin Chantawirool expressed confidence that Thailand's GDP for this year will grow above 2.1%, citing strong signals from increased foreign investment, robust export growth, and rising tax collections. He has ordered the National Economic and Social Development Council (NESDC) to review its GDP forecast by considering actual economic data and consulting with private sector bodies such as the Thai Chamber of Commerce and the Federation of Thai Industries. The government plans to shift its investment attraction strategy away from competing on low labor costs toward leveraging logistics strengths and infrastructure connecting a 700 million-person ASEAN market. Additionally, the administration aims to address energy risks by promoting clean energy production where households can sell electricity back to the state.