Thailand's economic growth beats forecasts, and the government lifts outlook to 3% for 2026

Ethnic Chinese Thais pray at the Leng Nuei Yee Chinese temple ahead of the Chinese Lunar New Year in Bangkok, Thailand, Monday, Feb. 16, 2026. -- AP Photo/Sakchai Lalit

BANGKOK (Reuters): Thailand's economy grew faster than expected last quarter, prompting the government to raise its 2026 outlook and bolstering hopes for a gradual recovery despite lingering economic challenges.

Gross domestic product grew 2.5% in the October-December quarter from a year earlier, boosted by stronger domestic demand and investment, the National Economic and Social Development Council (NESDC) said on Monday.