Finance minister says Thai economy is stable, sees Q4 growth picking up

Item 1 of 2 People shop at a market in Bangkok, Thailand, August 24, 2025. REUTERS/Athit Perawongmetha

[1/2]People shop at a market in Bangkok, Thailand, August 24, 2025. REUTERS/Athit Perawongmetha Purchase Licensing Rights, opens new tab

BANGKOK, Nov 21 (Reuters) – The Thai economy is very stable and government stimulus measures will give growth a boost in the final quarter of 2025, the finance minister said on Friday.

Inflation and unemployment were low, Ekniti Nitithanprapas told a business forum, adding the government will keep the public debt ratio below 70% of gross domestic product.

The government is also planning a package of measures to support smaller businesses, including soft loans, he added.

Southeast Asia’s second-largest economy, which has lagged peers since the pandemic, has faced multiple headwinds this year, including U.S. tariffs, high household debt, and a strong baht .

Economic growth was just 1.2% on an annual basis in the third quarter, the weakest pace in four years.

Reporting by Thanadech Staporncharnchai and Orathai Sriring; Editing by Martin Petty and John Mair

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Source link

Leave a Reply Cancel reply