Economy
JSCCIB Adjusts 2026 GDP Forecast Amid Industrial Challenges
The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised Thailand's 2026 GDP growth target to 2.1–2.5% while highlighting significant pressures on seven key industries.
According to a report by Prachachat Business, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has adjusted Thailand’s 2026 GDP growth projection to between 2.1% and 2.5%. While the committee anticipates a strong export performance with growth estimated at 12–16%, it has issued a warning regarding a 'K-shaped' economic recovery.
The JSCCIB noted that while the digital and AI sectors are experiencing an upward trend, seven traditional industries—including petrochemicals, automotive, and construction materials—are facing severe competition from an influx of foreign goods. This competitive pressure has raised concerns regarding the viability of small and medium-sized enterprises (SMEs) and traditional manufacturing sectors. In response, the committee is proposing that the government implement targeted support measures to assist these struggling industries. Additionally, the JSCCIB has established a Data Center working group to develop a framework for supply chain integration.
For residents and travelers, this economic shift may signal changes in the local manufacturing landscape and potential fluctuations in the availability or pricing of certain domestic goods. While the export sector shows promise, the struggle of traditional industries remains a point of concern for the broader economy. It remains to be confirmed which specific government support measures will be enacted and how effectively they will mitigate the impact of foreign competition on local businesses.