Thai Economy Targets 3%+ Growth with 3-Pronged Reform Plan

Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas has unveiled a reform plan aimed at driving the Thai economy back to over 3% annual growth. The initiative focuses on three key areas: energy transition, addressing the challenges of an aging society, and upskilling the workforce for future industries. Speaking at an event hosted by the Economic Journalists Association, Minister Ekniti outlined a comprehensive strategy designed to tackle structural issues confronting the Thai economy and ensure sustained growth. The energy transition component of the plan emphasizes promoting the shift towards renewable energy sources and improving energy efficiency to enhance the economy's sustainability. In addressing the aging society, the focus is on expanding healthcare and welfare services, alongside building social systems that enable the elderly to remain active participants. Furthermore, to adapt to evolving industrial landscapes, the plan includes initiatives to support workforce upskilling in areas such as digital technologies and artificial intelligence, thereby bolstering international competitiveness. These reforms are expected to establish new growth engines for the Thai economy and contribute to the improvement of citizens' livelihoods. Source: Thai Newsroom