Thailand Targets 3% GDP Growth by 2025 with Strategic Investments in Tourism and Infrastructure
February 20, 2025
Recent data shows an improvement in Thailand's GDP growth, rising from 2% to 2.5%, reflecting positive economic trends.
During the 'Matichon Leadership Forum 2025' on February 19, Prime Minister Phaetongthan Shinawatra highlighted the crucial role of infrastructure projects in driving economic recovery.
In response to economic challenges, the government has launched the 'Khun Soo Ra Chai' program aimed at providing liquidity and support to households and SMEs burdened by debt.
Despite these efforts, Thailand's economy continues to face challenges, including a heavy reliance on exports and high levels of household debt amid global uncertainties.
Key infrastructure initiatives, such as a high-speed rail project connecting Thailand, Laos, and China, are set to enhance logistics and create job opportunities.
To stimulate the economy, the government is working to boost domestic consumption and foreign tourism, which has seen record highs thanks to favorable visa policies.
European business leaders have expressed confidence in Thailand's economic stability during discussions with the European Union-ASEAN Business Council.
The EU stands as Thailand's fourth-largest trading partner, with investments exceeding 43 billion euros, which have created jobs for over 160,000 people.
Thailand is targeting a 3% GDP growth by 2025, focusing on strategic investments in tourism, infrastructure, and attracting foreign investment.
Prime Minister Shinawatra has called for collaboration across various sectors to develop sustainable economic strategies that will support future growth.
Summary based on 1 source
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The Pinnacle Gazette • Feb 20, 2025
Thailand Aims For 3% GDP Growth With Strategic Investments