UTCC's scenarios: if Hyperscaler firms cut AI and data-centre spending by 10%, Thai GDP falls about 0.29% (around 58,421 million baht); at a 20% cut, about 0.58% (around 116,842 million baht). Electronics exports and data-centre equipment currently drive growth, while domestic spending is slowing. Thai private machinery investment rose 16.6% in Q2 2026 and exports rose 16.1%. For an SME, the practical step is to watch orders from electronics and data-centre supply chains, and avoid over-committing capacity or debt tied to one AI-driven customer base. The base case is no slowdown in the short term.