SCB EIC has revised its forecast for Thailand's economy this year to 2% following the easing of the situation in the Middle East. However, the Thai economy is still recovering in a K-shaped pattern, concentrated in sectors highly reliant on imports. Households and SMEs remain vulnerable amidst slowing incomes and high debt levels. KResearch 'Indicates' a gradual recovery in the Thai economy in the second half of the year.K Research indicates that the Thai economy will gradually recover in the second half of the year.

Executive of SCB EIC said We has revised its forecast for Thailand's economy in 2026 to 2%, following the easing of the Middle East situation, which has led to lower energy prices, alleviating travel costs and supporting the recovery of the tourism sector. Exports and investment in certain industry groups also continue to expand well. However, the Thai economy is likely to slow down in the coming period due to the impact of higher energy and raw material costs from the previous conflict, which is now affecting production costs, inflation, and purchasing power. Even with additional government support, particularly the 400 billion baht loan decree, the recovery remains K-shaped, concentrated in certain sectors, especially the electronics industry which is highly reliant on imports. While low- and middle-income households and SMEs remain vulnerable due to slowing income and high debt levels, the Thai economy is projected to grow at a similar rate of 1.9% by 2027, reflecting limitations in new economic drivers amidst tight financial pressures and high levels of external risks.

Viriyah Insurance continues to expand its services to support the growth of Chiang Mai, opening a new service point in the heart of the city. Services include immediate vehicle tax and insurance renewals, available every day, including weekends and holidays.

Agoda, a digital travel platform, has revealed insightful data on Thai tourism in the first half of the year. Malaysia ranked first in terms of the number of international travelers interested in visiting Thailand, followed by South Korea, China, India, and Japan.

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