The United States has announced a 36% tariff increase on imported goods from Thailand, which has had a significant impact on the Thai industrial sector, especially in products that rely on the US market. Essentially, increasing this tax may reduce the value of industrial product exports by approximately 200 billion baht and cause the GDP growth rate of the industrial sector to decrease by 1.02%. Details of tax measures Tax Rate: U.S. Has raised import tariffs on products from

Thailand's Economy: May 2025 Data and Outlook Economic indicators Latest information Trends and Impacts GDP (Q1/2025) grew by 3.1%. Growth slowed from the previous quarter. It reflects a recovery that is not yet complete. especially from weak private consumption and investment. Inflation rate (CPI) -0.22% (April 2025) Inflation is negative for the first time in 13 months, reflecting weak domestic demand. Even though the Ministry of Commerce confirms that Thailand has not yet

On May 20, 2025, the Cabinet (Cabinet) resolved to approve an adjustment of the budget spending plan of 157,000 million baht to deal with the impact of the tax policy of the United States. By shifting from giving out digital wallets to investing in more urgent and necessary projects, The Momentum. [Link 1] Adjust the spending plan: from handing out money to investing in infrastructure Originally, this budget of 157,000 million baht was allocated for the digital wallet distrib

The Office of the National Economic and Social Development Council (NESDB) or "NESDB" released the Thai economic report for the first quarter of 2025, stating that GDP expanded at the level. 3.1% compared to the same period last year. However, the GDP growth forecast for the full year has been revised down from 2.8% to 1.8%, reflecting concerns over negative factors at the global level that put pressure on the Thai economic recovery trend. Main factors that cause the forecast