Thailand's economic growth is likely to pick up in 2H, since the U.S.-Iran hostilities paused in late June and the Strait of Hormuz gradually reopened, Maybank economists say in a report. Thailand is one of the Asean economies that is more exposed to the Gulf shock through supply disruptions and shortages as well as higher input costs. However, the Middle East truce should lead to a lower risk of slowing growth, they note. Maybank expects Thailand's GDP growth to come in at 2.2% in 2H and average 2.1% in 2026, before accelerating to 2.7% in 2027. (amanda.lee@wsj.com)
Dow Jones Newswires
Thailand's Economy Likely to Pick Up in 2H — Market Talk
Thailand's economic growth is likely to pick up in 2H, since the U.S.-Iran hostilities paused in late June and the Strait of Hormuz gradually reopened, Maybank economists say in a report. Thailand is one of the Asean economies that is more exposed to the Gulf shock through supply disruptions and sh…