ANZ Bank: Thailand's economic growth in 2026 is expected to further slow down.

Krystal Tan from ANZ Bank wrote in a report that Thailand's economic growth in 2026 is expected to further slow down due to external pressures and deep-rooted domestic structural challenges. Tan said, "Political uncertainty before the elections has increased the downside risks." Export performance may also weaken due to U.S. tariffs and declining competitiveness. Although the opening of new long-haul flight routes is encouraging, its positive impact may be offset by increasing regional competition and the strength of the Thai baht, making Thailand a more expensive tourist destination. ANZ Bank predicts that Thailand's GDP growth rates in 2025 and 2026 will be 1.9% and 1.5% respectively.