UOB economists said in a report that despite the government’s recently announced fiscal package, growth headwinds remain in Thailand. Domestic demand is still uneven, and the risk of an energy shock is weighing on consumer confidence and employment. The new co-payment program, designed to ease living costs and stimulate local economies, should be viewed as a targeted fiscal shock absorber rather than a conventional demand-boosting stimulus. UOB maintains forecasts for Thailand GDP growth of 1.5%

UOB economists said in a report that despite the government’s recently announced fiscal package, growth headwinds remain in Thailand. Domestic demand is still uneven, and the risk of an energy shock is weighing on consumer confidence and employment. The new co-payment program, designed to ease living costs and stimulate local economies, should be viewed as a targeted fiscal shock absorber rather than a conventional demand-boosting stimulus. UOB maintains forecasts for Thailand GDP growth of 1.5% in 2026 and 2.4% in 2027, compared with a 2.4% increase recorded in 2025.