BANGKOK: The Centre for Economic and Business Forecasting (CEBF) at the University of the Thai Chamber of Commerce (UTCC) has revised Thailand’s GDP growth forecast for 2025 down from 3% to 1.7%, citing a combination of global and domestic challenges weighing on the economy in the second half of the year.
Thanawat Pholvichai, President of UTCC and the centre’s chief adviser, outlined a string of mounting concerns: the ongoing trade war and potential US tariffs on Thai goods, the Israel-Iran conflict, rising tensions along the Thai-Cambodian border, domestic political instability, and the effectiveness of the government’s stimulus disbursement.
