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Thailand’s finance minister, Ekniti Nitithanprapas, reaffirmed confidence in the country’s economic outlook, noting that stability and strategic government actions are expected to support stronger growth heading into the final quarter of 2025. Speaking at a business forum, he highlighted that Thailand continues to experience low inflation and low unemployment—key indicators signaling resilience despite global and regional uncertainties.
Ekniti emphasized that the government remains committed to maintaining fiscal discipline by keeping the public debt-to-GDP ratio below 70%. This commitment, he said, ensures financial sustainability while still allowing the administration to roll out targeted initiatives to stimulate the economy.
Among these initiatives, the government is preparing a package designed to support small and medium-sized enterprises. These measures are expected to include soft loans and financial assistance aimed at helping smaller businesses navigate ongoing challenges such as rising costs and tightening credit conditions. Strengthening SMEs is seen as crucial, given their role in job creation and overall economic activity.
Despite Thailand’s position as Southeast Asia’s second-largest economy, the nation has faced notable pressures throughout the year. High household debt, U.S. tariffs, and a stronger baht have contributed to slower-than-expected momentum. The lingering effects of the pandemic have also played a role, leaving Thailand trailing some neighboring economies in recovery speed.
Economic growth expanded by just 1.2% year-on-year in the third quarter—the slowest pace in four years—highlighting the need for the upcoming stimulus efforts. Policymakers hope that enhanced liquidity, increased domestic spending, and targeted business support will drive a more robust performance as 2025 concludes.
The finance minister expressed confidence that these combined strategies will help reinvigorate Thailand’s economic trajectory, strengthen competitiveness, and restore growth to a more sustainable level moving forward.
