Thailand’s economy grew 1.9% in the second quarter of 2026, a deceleration from the 2.8% growth seen in the first quarter. On a seasonally adjusted basis, the economy contracted by 0.2% compared to the previous quarter. This slowdown was largely driven by weaker private consumption, which increased by 1.9%—a drop from 3.3% in Q1—with spending declines across various sectors. Contributing to the cautious outlook, consumer confidence has fallen to a low of 50.3. Despite the quarterly dip, officials maintain a full-year economic growth forecast of between 2.0% and 2.5%. The data signals a potential softening in economic momentum for the remainder of the year.