Thailand lowers 2025 GDP forecast after 3.1% Q1 growth, amid tariff threats

Exports grew 15% in Q1, however there is expected to be a slowdown moving forward as tariffs bite, the baht remains strong and tourism faces headwinds.
Thailand lowers 2025 GDP forecast after 3.1% Q1 growth, amid tariff threats
By Andrew Tjaardstra
May 19, 2025
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Thailand’s gross domestic product (GDP) grew a better than expected 3.1% in the first quarter of 2025 compared to the same period a year as the economy was boosted ahead of US president Donald Trump’s so-called ‘Liberation Day’.

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