IMF Asia-Pacific director Krishna Srinivasan says Asia growth is now forecast at 4.8% this year and 4.4% in 2027, up from April. Growth is uneven: energy importers and countries without policy room are being cut. For Thailand, the named downside risks are prolonged energy shock hitting cost of living and purchasing power, a possible AI-driven correction hitting investment and demand, rising government bond yields raising borrowing costs, and El Niño. Long-term issues flagged are falling productivity, an ageing society and high household debt. Plan for tighter household spending and borrowing costs; no specific policy change is announced in this excerpt.