JSCC Raises 2026 GDP Forecast Amid Concerns Over K-Shaped Economic Recovery

The Joint Standing Committee on Commerce, Industry and Banking (JSCC) has revised its 2026 economic growth forecast for Thailand, raising the GDP projection to a range of 2.4% to 2.6%. According to Prachachat Business, this adjustment is supported by a strong export outlook, with growth expected to reach 18% to 22%, and a recovery in the manufacturing sector as reflected by new Manufacturing Production Index (MPI) data.

Despite the positive growth figures, the JSCC expressed significant concern regarding a 'K-shaped' economic recovery. The committee noted that the benefits of growth, particularly in sectors related to AI and data centers, are becoming increasingly concentrated, leaving other parts of the economy behind. To address this, the JSCC is urging for better integration of local supply chains to ensure more widespread economic benefits. Additionally, the committee has voiced support for increasing the import tax on electric vehicles (EVs) to 35%.

For residents and business owners, this suggests a period of uneven growth where specific tech-driven sectors may thrive while others face continued pressure. It remains to be confirmed how the government will respond to the call for supply chain integration and whether the proposed tax adjustments on imported EVs will be officially implemented.