Thailand's Q2 GDP expanded 1.9% YoY, driven by AI and data center sectors, but the growth is unevenly distributed—a "two-speed economy" where leading-edge industries boom while traditional sectors and SMEs struggle. Private investment surged 13.4%, but structural challenges persist: SMEs face credit constraints, household debt is high, and policy responses remain temporary fixes. Economist Burin Adulwattana warns that without addressing energy transition barriers (like Direct PPA), supporting SME credit access, and managing unequal income growth, consumer confidence will erode and the economy risks stagnation despite positive headline GDP figures.