Bangkok: AMRO sees positive signs in the Thai economy and is confident that policies to attract investment will support continued GDP growth. According to Thai News Agency, AMRO views Thailand's economy as having strong fundamentals, projecting continued GDP growth of 2.4% in 2026-2027. They believe economic policies are on the right track, supporting investment and attracting foreign direct investment (FDI), focusing on future industries to transform the Thai economy into sustainable growth. Amidst a global economic climate still facing high levels of uncertainty, stemming from the impact of prolonged geopolitical conflicts, volatile energy prices, and inflation-all posing challenges to economic management in every country, including Thailand, which has an economic structure heavily reliant on oil imports, export revenues, and tourism-the Thai economy has recently received positive signals from the ASEAN+3 Macroeconomic Research Office (AMRO). The organization expressed confidence in the Thai government's policy direction and efforts to restructure the economy. A delegation from AMRO, led by Director Yasuto Watanabe and Chief Economist Dong He, visited Thailand to discuss the economic situation with executives from the Bank of Thailand (BOT). AMRO estimates that the Thai economy will be able to maintain its growth rate of 2.4% in both 2026 and 2027. This aligns with the view of Allen Ng, AMRO's Head of Thailand Economic Assessments, who stated that after four years of continuously monitoring the Thai economy, this is the period in which AMRO has the most confidence in the future. He believes that a new wave of investment and exports of technology products will be key drivers in enhancing growth potential and strengthening the Thai economy's structure in the future. AMRO's positive outlook reflects the government's economic policy direction, particularly the policies spearheaded by Deputy Prime Minister and Minister of Finance, Ekniti Nitithanprapas, in collaboration with various agencies. These policies are progressing well and receiving recognition from global organizations. AMRO identifies a key turning point for the Thai economy as the accelerated investment policy, which will significantly boost the economy. The current government has aimed to increase investment from 20% to 30% of GDP through important measures and projects, including the proactive "Thailand Fast Pass" initiative. Deputy Prime Minister Ekniti, in his capacity as supervisor of the Board of Investment (BOI), prioritizes attracting foreign direct investment (FDI) and driving actual investment. This success is reflected in the 37% growth in BOI investment applications in the first half of the year, totaling over 1.47 trillion baht. Actual investment in the first half of 2026 exceeded 535.8 billion baht, a 27% increase compared to the same period last year. Furthermore, the government is accelerating investment in new economy industries focusing on the digital economy, data centers, artificial intelligence (AI), and electric vehicles (EVs), cou pled with connecting Thai SMEs to global supply chains through the BOI to IPO and JUMP+ programs to enhance productivity and workforce skills. AMRO estimates that if Thailand can maintain the momentum of investment and distribute the benefits to the wider employment and income levels, the country can upgrade its capabilities and overcome limitations to become a high-income country, as planned in the next phase.
AMRO Anticipates Growth in Thai Economy Through Investment Policies
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