Citigroup: Thailand's economic growth may slow down in 2026 due to energy shocks.

Citigroup Investment Research economist Wei Zheng Kit stated in a report that due to the current global energy price shocks, it is expected that Thailand's economic growth will slow down this year. Initially, Thai consumers were shielded from the impact of rising oil prices through subsidies from the country's petroleum fund. However, the continuous increase in oil prices since March may now start to put pressure on consumer spending. The rise in production costs could also pose challenges to the profitability, production, and investment in industries in the country that rely more on energy. Citigroup has revised its GDP growth forecast for Thailand in 2026 from 2.0% to 1.8%.