The Asian Development Bank has downgraded Thailand's 2027 GDP growth forecast to 1.9% from 2.0%, citing an expected normalization of the global technology investment cycle that has been boosting Thai tech exports and private investment. While Thailand benefits from near-term momentum (2026: 2.0% revised up from 1.8%), the tech-export tailwind is expected to fade significantly in 2027 as global demand cools and U.S. trade tariffs take full effect. SMEs dependent on tech supply chains and exports should prepare contingency plans as growth drivers weaken.