Thailand’s economy is expected to regain momentum in the coming months, although fuel prices may remain elevated even if geopolitical tensions ease, according to Finance Minister Ekniti Nitithanprapas.

Speaking on the country’s economic outlook, the minister expressed confidence that both the Thai economy and the broader global economy would gradually recover if the ongoing conflict in the Middle East comes to an end. However, he cautioned that energy prices may not decline immediately, as market adjustments typically lag behind broader economic improvements.

The minister noted that high fuel costs continue to exert pressure on businesses, consumers and agricultural producers, contributing to rising living expenses across the country. Despite these challenges, Thailand’s economic fundamentals remain resilient, supported by government measures aimed at stimulating growth, encouraging investment and easing financial burdens on households.

Recent economic data has shown stronger-than-expected performance in exports, manufacturing activity, domestic consumption and public spending, providing positive signals for the country’s recovery trajectory. Nevertheless, authorities remain vigilant regarding inflationary pressures and the impact of global energy market volatility.

Thailand’s government has also continued to explore measures to mitigate the impact of rising energy costs while maintaining fiscal discipline. Policymakers believe that a combination of economic reforms, investment promotion and prudent fiscal management will help sustain recovery and strengthen long-term economic resilience.

The remarks underscore the balancing act facing governments across the region as they seek to support growth while managing the effects of persistent global economic uncertainty and elevated energy prices.