Analysts call for stimulus as 2024 Thai growth comes in at 2.5%

Trump tariffs may hit exports with auto sector and consumption already weak

20250217 Bangkok market

People shop at the Chatuchak weekend market in Bangkok. High household debt and weak purchasing power are stunting Thailand's economic growth. (Photo by Yuki Kohara)

APORNRATH PHOONPHONGHIPHAT

BANGKOK -- Economists have warned that the Thai government needs to inject more stimulus into the economy after it expanded 2.5% last year, less than anticipated.

The gain in gross domestic product was higher than the 2% figure for 2023, which was revised up from 1.9%, the National Economic and Social Development Council said on Monday.

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