Krungsri Research

Krungsri Research

Krungsri Research's Forecast

Krungsri Research's Forecast 2023 2024 2025F
Reference 1/
GDP growth (YoY %) 2.0 2.5 2.1
Private Consumption Expenditure (YoY %) 6.9 4.4 2.6
Government Consumption Expenditure (YoY %) -4.7 2.5 1.5
Private Investment (YoY %) 3.1 -1.6 -0.5
Public Investment (YoY %) -4.2 4.8 5.8
Nominal Exports in USD (f.o.b.) (YoY %) -1.5 5.8 2.0
Nominal Imports in USD (f.o.b.) (YoY %) -3.8 6.3 2.2
Current Account Balance (USD, bn) 7.4 11.1 12.1
Tourist Arrivals (Mn, persons) 28.2 35.5 36.5
Headline Inflation (YoY %) 1.2 0.4 0.6
Policy Interest rate (end of period) (%) 2.50 2.25 1.25
Dubai crude price - period average (USD/bbl) 82 80 70
1/ Reference scenario (As-is): US imposes a 10% tariff on most countries (including Thailand), and a 30% tariff on China. China imposes a 10% tariff on US goods.
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