The government has declared May 5th, 2023 as a public holiday to boost the economy in response to the COVID-19 pandemic. The Bank of Thailand has also announced that this day will be a special holiday specifically for financial institutions and specialized financial institutions to support this government policy. This announcement was made on January 30th, 2023. Contact information for further inquiries was provided.
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Outlook quarter 1/2026
SCB EIC has lowered Thailand’s 2026 economic growth forecast to 1.4% due to the Middle East conflict impacting energy prices. Inflation is expected to rise significantly, affecting consumption, tourism, and business investment, while risks of deficits grow amid economic uncertainty.
