SCB EIC has upgraded Thailand's 2026 GDP forecast to 2.2% (from 2.0%) and 2027 to 2.1% (from 1.9%), driven by investment and exports in digital and electronics sectors, particularly linked to global AI infrastructure buildout. However, the report warns that growth remains concentrated among large enterprises and foreign companies, with heavy reliance on imported raw materials and capital goods. Household and SME sectors remain fragile despite government stimulus efforts and energy subsidy programs. Structural headwinds—including rising import dependency and widening trade deficits—persist even with improved headline forecasts.