Country in Focus: Thailand

Thai economic growth could slow to 1.8% in 2025 from US tariffs fallout. US tariffs would directly impact the Thai economy through a deteriorating trade balance. Indirect impacts could include fewer international tourists especially from China, delays in private investment, and dampened private consumption.

Regulated Power

TRIS Rating maintains a "stable" credit outlook for Thailand’s regulated power industry. The US reciprocal tariff is expected to have a milder impact on power operators compared to other industries. Thailand’s power demand is projected to remain steady, supported by growth in S-curve industries and increasing EV adoption. However, smaller operators will be under closer monitoring regarding liquidity and refinancing capabilities.

Industry Analysis and Outlook - แนวโน้มกลุ่มสื่อและสิ่งพิมพ์