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Bright outlook for new investment cycle driven by three visible trends: (i) the Private Investment Index showed the strongest rise in almost three years; (ii) industrial capacity utilization has finally returned to pre-pandemic levels; and (iii) there are more industries expressing confidence.
The world faces policy uncertainties, while IMF raises its economic forecasts for US and Japan. China achieved its 5% economic growth target in 2024.
Over the next three years, domestic economic growth will translate into rising investment in the manufacturing sector, and this will in turn herald an improving outlook for operators of industrial estates. The total footprint of land sold and leased on industrial estates is therefore expected to surge by 18.0-20.0% annually over 2023-2025 to 2,200, 2,700, and 3,000 rai (1 rai = 0.16 hectares) in each of these years.
In 2026, Phuket's housing market is expected to moderate from the strong momentum seen in 2025, reflecting continued uncertainty surrounding the global and Thai economies
Domestic demand for medical devices has continued to grow through 2025, driven in part by intermittent outbreaks of notifiable diseases and air pollution-related diseases
The Thailand Industry Outlook over the next 3 years (2023-2025) covers a range of factors that will have impacts on industries. Those factors include challenges and opportunities to represent the attractiveness of each industry that relies on the macroeconomic environment and sector-specific factors.
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