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Thailand's Growth Ceiling Crashing | Thailand News
Thailand’s economic future is in crisis as the Bank of Thailand slashes its growth potential to just 2.7%, nearly halving it from two decades ago. The real problem? SMEs—the backbone of employment for 70% of workers—are trapped in a brutal credit crunch, with loan rejection rates soaring to 86% and retail sales down 7.1%. While exports and tech thrive, everyday businesses can’t afford to expand or survive rising costs, threatening household spending and overall stability. With GDP forecasted to shrink to 2.3% this year and then dip further to 1.8% by 2027, officials warn that aging…
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