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Bangkok Post

Business

Growth headwinds mounting in Thailand

Thailand National Economic and Social Development Council GDP

A vehicle carries shipment containers at the Klong Toey Port in Bangkok. Goods exports contracted by 10.5% year-on-year in 2022. (Photo: Varuth Hirunyatheb)

According to the latest data released by the National Economic and Social Development Council on Feb 17, Thailand's real GDP growth slowed significantly to 1.4% year-on-year in the fourth quarter of 2022 from 4.6% in the third quarter.

The fourth-quarter figure was a major miss from consensus estimates of 3.5% and lowered full-year growth to 2.6%.

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