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flag Thailand's economy grew in December 2025, but a strong baht and falling exports raise concerns for 2026.

flag Thailand’s manufacturing sector expanded in December 2025, with the PMI rising to 57.4, driven by strong domestic demand and new orders at a ten-year high, though export orders fell for the fifth straight month. flag Tourism remains robust with high visitor numbers, but spending is cooling among price-sensitive travelers due to a stronger baht, which hit 31.4–31.8 per dollar. flag The currency’s rally, fueled by tourism receipts, foreign investment, and gold trading, has prompted the Bank of Thailand to tighten forex controls, especially on large gold transactions, to prevent overheating. flag Analysts forecast the baht may weaken to 32.1 in early 2026 amid political uncertainty and economic risks, including projected deflation.

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