• Thailand anticipates that the economy will grow at a slower rate of 4.6% in 2025.
  • Large-scale easing of fiscal and monetary measures will support domestic consumption and investment.
  • However, the real estate sector will continue to pressure the Chinese economy from 2024, with housing prices and new investments expected to slow down further due to ongoing challenges.
  • Chinese exports in 2025 are expected to grow at a slower pace, with the impacts of the new trade war (Trade War 2.0) beginning to emerge in the latter half of the year.

Supporting Factors: Increasingly accommodative monetary and fiscal measures.

Risk Factors: New trade war, continued slowdown in the real estate sector, and weak consumer confidence.