Thailand's credit outlook upgraded to "Stable" by Fitch; ADB raises 2026 GDP forecast to 2% driven by exports and private investment. However, structural concerns persist: high household and public debt (~150% of GDP), anemic growth (1.8–2.8% over 10 years vs. ASEAN average 3.7%), and near-term risks from US interest rates, geopolitical tensions, and El Niño impacts. SMEs face uneven recovery in a "K-shaped" economy where support measures are critical for weaker segments.