The Asian Development Bank lifted its Thailand economic growth forecast for 2026 while cutting the inflation outlook, according to its Asian Development Outlook update released on Wednesday.

ADB expects Thailand's economy to expand 2% in 2026, up from its July forecast of 1.8%.

For 2027, the bank lowered its real GDP growth projection to 1.9% from 2.0%.

Meanwhile, ADB expects Thailand's inflation at 2.5% this year, compared with a 0.1% contraction in 2025. The latest forecast is lower than its 2.9% projection in July.