Thai Prime Minister Signals GDP Growth Above 2.1% Amid Strong Foreign Investment and Export Data

Key summary

Prime Minister Anutin Charnvirakul stated that Thailand's GDP growth for the year will definitely exceed the previously estimated 2.1%, citing improved figures in foreign investment, exports, employment, and corporate tax revenue. He directed the National Economic and Social Development Council (NESDC) to re-examine calculation methods and data assumptions before reporting a revised figure. The government plans to leverage infrastructure, logistics networks, and access to the ASEAN market of approximately 700 million people as key selling points for attracting quality foreign investment, moving away from competing on low labor costs.