Thailand's economy is projected to sustain moderate growth in 2025 despite external risks, the National Economic and Social Development Council (NESDC) said. Economic growth is forecast at 2.3%-3.3%, with a midpoint estimate of 2.8%, driven by government investment, domestic demand, and tourism recovery. Private consumption and investment are expected to rise by 3% and 2.8%, respectively, while exports are forecast to grow 2.6%. Headline inflation is projected between 0.3%-1.3%, with a current account surplus of 2.6% of GDP. The economy expanded 3% year-on-year in the third quarter, accelerating from 2.2% in the previous quarter, and grew 2.3% in the first nine months of 2024. Analysts anticipate 2024 GDP growth at 2.6%, with limited risks to the forecast.