Standard Chartered has raised its forecast for Thailand's GDP growth in 2026 to 1.6%, up from 1.4%. Senior economist Tim Leelahaphan said the upgrade reflects short-term support from the government's cost-of-living relief measures, and there could be further upside if second-quarter GDP figures come in strong, with the forecast potentially rising to around 2% if the fiscal 2027 budget is passed on time and support measures continue. The bank maintains its policy rate forecast at 1.00% for both this year and next, viewing this year's inflation of 1.9% as within the target range and not warranting a rate hike, despite easing global monetary policy pressures. It also noted that first-half exports grew about 18%, but were concentrated in electronics goods that require high raw material imports, resulting in a trade deficit of around 5 to 6 billion US dollars. Meanwhile, foreign investment inflows have started to pick up, and tourist arrivals have yet to return to pre-COVID-19 levels, weighing on the current account balance.
Standard Chartered PLCStandard Chartered raises Thailand GDP forecast, reflecting positive economic outlook for its operations.
