THAILAND’S economic growth weakened in the second quarter of 2026, as a slowdown in private consumption and government spending offset surging private investment and sustained export gains, official data showed on Monday.
The country’s gross domestic product (GDP) in the April-June period grew 1.9 per cent from a year earlier, decelerating from a 2.8 per cent rise in the previous quarter, according to the Office of the National Economic and Social Development Council (NESDC).
On a quarterly basis, GDP declined a seasonally adjusted 0.2 per cent in the second quarter, reversing from a revised 0.6 per cent increase in the earlier three months and marking the first contraction in three quarters, the NESDC said in a statement.
Private consumption rose 1.9 per cent year on year, down from 3.3 per cent in the previous quarter, in line with the deceleration in spending across most categories. Government expenditure expanded 0.2 per cent, down from 3.4 per cent, the state planning agency said.
Meanwhile, public investment fell 1.6 per cent, marking the first contraction in three quarters, compared to a 9.4 per cent expansion in the first quarter.
Despite that, private investment soared 13.4 per cent, quickening from 10.1 per cent in the previous quarter and registering the highest growth in 54 quarters.
— Xinhua
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