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Krungsri Research's Forecast

Krungsri Research's Forecast 2024 2025 2026F
GDP growth (YoY %) 2.9 2.4 2.1
Private Consumption Expenditure (YoY %) 4.4 2.7 2.4
Government Consumption Expenditure (YoY %) 2.6 0.6 1.0
Private Investment (YoY %) -1.9 3.5 8.6
Public Investment (YoY %) 4.5 8.9 2.7
Nominal Exports in USD (f.o.b.) (YoY %) 5.9 12.8 14.0
Nominal Imports in USD (f.o.b.) (YoY %) 5.5 12.5 23.5
Current Account Balance (USD, bn) 11.6 17.4 -6.4
Tourist Arrivals (Mn, persons) 35.5 33.0 32.5
Headline Inflation (YoY %) 0.4 -0.1 2.0
Policy Interest rate (end of period) (%) 2.25 1.25 1.00
Dubai crude price - period average (USD/bbl) 80 68 88
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