{"id":4030,"date":"2025-07-15T03:28:25","date_gmt":"2025-07-14T20:28:25","guid":{"rendered":"https:\/\/plizz.co\/?p=4030"},"modified":"2025-07-15T03:28:27","modified_gmt":"2025-07-14T20:28:27","slug":"bot-expects-lower-than-2-growth-for-thailand-due-to-us-tariffs","status":"publish","type":"post","link":"https:\/\/plizz.co\/th\/blog\/bot-expects-lower-than-2-growth-for-thailand-due-to-us-tariffs\/","title":{"rendered":"BOT expects lower than 2% growth for Thailand due to US tariffs"},"content":{"rendered":"<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/plizz.co\/wp-content\/uploads\/2025\/07\/xetNiFjfivenDCOsjuDu-1024x576.webp\" alt=\"xetNiFjfivenDCOsjuDu\" class=\"wp-image-4031\" srcset=\"https:\/\/plizz.co\/wp-content\/uploads\/2025\/07\/xetNiFjfivenDCOsjuDu-1024x576.webp 1024w, https:\/\/plizz.co\/wp-content\/uploads\/2025\/07\/xetNiFjfivenDCOsjuDu-300x169.webp 300w, https:\/\/plizz.co\/wp-content\/uploads\/2025\/07\/xetNiFjfivenDCOsjuDu-768x432.webp 768w, https:\/\/plizz.co\/wp-content\/uploads\/2025\/07\/xetNiFjfivenDCOsjuDu-18x10.webp 18w, https:\/\/plizz.co\/wp-content\/uploads\/2025\/07\/xetNiFjfivenDCOsjuDu.webp 1300w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>BOT lowers Thailand&#8217;s growth forecast to 1.6% in H2 2025, citing US tariffs&#8217; impact on exports and economy.<\/strong><\/p>\n\n\n\n<p>Bank of Thailand (BOT) has revised its economic growth forecast, predicting a slowdown in Thailand\u2019s growth to just 1.6% for the second half of 2025, due to the impact of US retaliatory tariffs on Thai exports.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Economic Growth Predictions Lowered<\/h3>\n\n\n\n<p>On Thursday, BOT revealed that the US import tariffs would negatively affect Thailand&#8217;s economy, reducing growth to 1.6% in the second half of 2025 and 1.7% throughout 2026. The 36% punitive tariffs, set to take effect from August 1, have prompted the BOT to lower its forecast for Thailand\u2019s 2025 GDP growth to 2.3%, down from previous estimates.<\/p>\n\n\n\n<p>Bunnaree Punnarach, Director of BOT&#8217;s Macroeconomics Division, stated that exports are expected to fall by 4% in the second half of the year, significantly impacting the country\u2019s growth. Although the manufacturing sector and exports initially boosted growth in the first half of 2025, this growth will be tempered by the new tariffs.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">US Tariffs and Export Impact<\/h3>\n\n\n\n<p>The US trade tariffs are expected to shrink Thailand\u2019s exports by 2% in 2026, contributing to a severe slowdown in the economy. The private sector is also expected to reduce investments due to the weakened trade environment, which will result in slower growth in 2026.<\/p>\n\n\n\n<p>Despite these challenges, Bunnaree emphasized that economic risks for 2025 and 2026 remain low. However, BOT will continue to monitor key risks, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>US-China trade war and geopolitical tensions<\/li>\n\n\n\n<li>Political uncertainties within Thailand<\/li>\n\n\n\n<li>Credit constraints impacting SMEs and vulnerable groups<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Economic Outlook and Inflation Predictions<\/h3>\n\n\n\n<p>BOT&#8217;s Deputy Governor, Piti Disyatat, noted that Thailand&#8217;s economy would inevitably slow in the second half, regardless of the tariff&#8217;s intensity. While the potential for lower interest rates could help ease the debt burden on debtors, financial demand is expected to decrease due to reduced loan activity.<\/p>\n\n\n\n<p>Surach Tanboon, Senior Director of BOT&#8217;s Monetary Policy Department, also predicted a low inflation rate, forecasting headline inflation to be just 0.5% in 2025 and 0.8% in 2026.<\/p>\n\n\n\n<p>Source: <a href=\"https:\/\/www.nationthailand.com\/business\/economy\/40052389\">The Nation<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>BOT lowers Thailand&#8217;s growth forecast to 1.6% in H2 2025, citing US tariffs&#8217; impact on exports and economy. Bank of Thailand (BOT) has revised its economic growth forecast, predicting a slowdown in Thailand\u2019s growth to just 1.6% for the second half of 2025, due to the impact of US retaliatory tariffs on Thai exports. Economic [&hellip;]<\/p>\n","protected":false},"author":28,"featured_media":4031,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BOT expects lower than 2% growth for Thailand due to US tariffs<\/title>\n<meta name=\"description\" content=\"Read our article &quot; BOT expects lower than 2% growth for Thailand due to US tariffs &quot;. Dive into our blog for insights on accounting, legal services, and tips specifically crafted for SMEs in Thailand.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/plizz.co\/th\/blog\/bot-expects-lower-than-2-growth-for-thailand-due-to-us-tariffs\/\" \/>\n<meta property=\"og:locale\" content=\"th_TH\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BOT expects lower than 2% growth for Thailand due to US tariffs\" \/>\n<meta property=\"og:description\" content=\"Read our article &quot; BOT expects lower than 2% growth for Thailand due to US tariffs &quot;. 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