Bangkok, Aug. 8 -- Thailand's private sector has lifted its 2025 GDP growth forecast to 1.8-2.2%, up from the previous 1.5-2.0%, following the US decision to reduce import tariffs on Thai goods from 36% to 19%. During the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) meeting on August 6, officials identified the US tariff reduction as a significant driver behind the improved economic outlook. Exports are now anticipated to grow by 2-3%, compared to the previous forecast of -0.5% to 0.3%. JSCCIB Chairman Payong Srivanich emphasised that the reduced reciprocal tariff helps Thailand maintain competitiveness, preventing it from being disadvantaged compared to neighbouring countries facing similar duty levels. However, he...