The Finance Ministry said on Friday that it has raised its 2026 economic growth forecast to 2.5% from the previous 1.6%, citing stronger foreign trade, investment and consumption as well as the impact of government stimulus measures, with June exports growing faster than expected.
Private investment is forecast to expand 9% this year while private consumption is expected to rise 2.7%, Vinit Visessuvanapoom, head of the Finance Ministry's Fiscal Policy Office, told a press briefing. Southeast Asia's second-largest economy grew 2.4% last year.
