{"id":167470,"date":"2025-12-04T09:15:17","date_gmt":"2025-12-04T09:15:17","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/167470\/"},"modified":"2025-12-04T09:15:17","modified_gmt":"2025-12-04T09:15:17","slug":"thai-economy-faces-severe-slump-in-2026-as-china-overcapacity-and-floods-bite","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/167470\/","title":{"rendered":"Thai Economy Faces Severe Slump in 2026 as China Overcapacity and Floods Bite"},"content":{"rendered":"<p>\u00a0<\/p>\n<p>Thailand\u2019s powerful business committee has issued a stark warning that the nation\u2019s economy is set for a severe slowdown in 2026, with growth projected to fall as low as 1.6%.<\/p>\n<p>\u00a0<\/p>\n<p>The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday attributed the bleak outlook to two primary factors: escalating competition from China\u2019s industrial overcapacity and the crippling financial toll of the recent Southern floods.<\/p>\n<p>\u00a0<\/p>\n<p>Kriengkrai Thiennukul, chairman of the Federation of Thai Industries (FTI), stated that the global economy is slowing, with China being a key drag.<\/p>\n<p>\u00a0<\/p>\n<p>Weak domestic demand is forcing Beijing to rely heavily on exports, intensifying competitive pressures on Thai businesses, especially in manufacturing.<\/p>\n<p>\u00a0<\/p>\n<p>            <img decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/12\/1764839717_630_lg-webp.webp\" alt=\"Kriengkrai Thiennukul\" class=\"img-fluid w-100 showcaption-true\" style=\"width: 750px; height: 422px;\" width=\"750\" height=\"422\" loading=\"lazy\"\/>\n        <\/p>\n<p>\u00a0<\/p>\n<p>The JSCCIB confirmed that the catastrophic flooding in the Southern region caused widespread damage, with some areas facing a \u2018Level 4\u2019 public disaster comparable to the 2004 Tsunami.<\/p>\n<p>\u00a0<\/p>\n<p>The committee reported a loss of revenue between 20-30 billion baht (0.1% to 0.2% of GDP) in December 2025 alone, contributing to a weak 2.0% growth figure for the entire year.<\/p>\n<p>\u00a0<\/p>\n<p>The projected revenue loss for 2026 due to the ongoing impact is an estimated 90 billion baht.<\/p>\n<p>\u00a0<\/p>\n<p>&#13;<\/p>\n<p>\u201cThe Thai economy in 2026 is forecast to expand at a sluggish rate of 1.6% to 2.0%,\u201d Kriengkrai said, noting further headwinds from uncertain US tax measures and increasing import competition.<\/p>\n<p>&#13;<\/p>\n","protected":false},"excerpt":{"rendered":"\u00a0 Thailand\u2019s powerful business committee has issued a stark warning that the nation\u2019s economy is set for a&hellip;\n","protected":false},"author":2,"featured_media":167471,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,3092,109091,111,139,69,2644,109092,109093,28666,24532],"class_list":["post-167470","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-floods","tag-jsccib","tag-new-zealand","tag-newzealand","tag-nz","tag-private-sector","tag-thai-bankers-association","tag-thai-businesses","tag-thai-chamber-of-commerce","tag-the-federation-of-thai-industries-fti"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/167470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=167470"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/167470\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/167471"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=167470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=167470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=167470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}