Thailand's economy is under pressure from a widening current account deficit, constrained fiscal space, and uncertain US trade negotiations. NESDC chairman Supavud warns of potential GDP growth slowdown and higher borrowing costs, noting the country faces reduced monetary policy flexibility due to inflation risks and external pressures. Fiscal discipline is critical; without it, Thailand risks a weaker growth cycle, higher debt servicing, and potential credit rating downgrade—threatening SME access to capital and investment momentum.