
NESDC Cuts 2025 GDP Outlook on Trade Concerns, Debt
BANGKOK, May 19 (TNA) – Thailand’s National Economic and Social Development Council (NESDC) lowered its 2025 GDP growth forecast to 1.8% on Monday, citing significant risks from global trade uncertainties, particularly U.S. tariffs, and high household and business debt. The revision from 2.8% comes despite a 3.1% Q1 expansion driven by agriculture offsetting slower manufacturing. […]