In response to these economic challenges, the government has proposed stimulus packages for low-income families and subsidies for basic goods, though these measures have faced criticism for being reactive rather than proactive.

Thailand is facing a slowdown in economic growth, primarily due to rising inflation, which has raised concerns among economists and policymakers.

The inflationary pressures are largely driven by increasing energy costs and food prices, with the consumer price index rising nearly 5% over the past year.

Basic necessities, including rice, vegetables, and cooking oils, have experienced significant price hikes, exacerbated by global supply chain disruptions.

Rice prices are particularly alarming, as exports are challenged by strong domestic consumption and global demand, according to the Ministry of Commerce.

Policymakers are tasked with balancing the need to stimulate economic activity while controlling inflation to ensure both the population's well-being and the economy's stability.

High input costs for farmers, including those for fertilizer and water, are contributing to the downturn in agriculture, leading to calls for sustainable practices and immediate investments.

Experts suggest that innovative agricultural practices, such as integrated farming systems, could help stabilize prices and foster economic growth.

Despite these challenges, Thailand's manufacturing sector, particularly in electric vehicles, shows potential for economic recovery, as noted by Dr. Prasert Manee from the Thailand Automotive Institute.

Charoen Leothatham, President of the Thai Rice Exporters Association, reported a sharp decline in rice exports, which fell over 10% year-on-year in the first quarter of 2025.

Somchai Buranawad, chief economist at the Bank of Thailand, emphasized the necessity for proactive and comprehensive reforms to achieve long-term economic resilience.

The Bank of Thailand has revised its GDP growth forecast for 2025 to between 2.5% and 3%, a decrease from earlier estimates of 3.5% to 4%.

The tourism sector, crucial to Thailand's economy, is under threat as rising prices make tourists more cautious about their spending, according to Yoong Thong, director of the Thai Tourism Office.