The Asian Development Bank raised its 2026 Thailand GDP forecast to 2.0% from 1.8%, driven by stronger-than-expected exports, especially tech-related goods, and private investment. For 2027 it cut the forecast to 1.9% because global tech demand is expected to slow, which could weigh on Thai exports in that sector. Inflation is seen falling to 2.5% in 2026 and 1.3% in 2027 as energy prices ease. Risks flagged: geopolitical and trade tensions, limited fiscal room, and El Niño, which ADB says will hit Thailand mainly from mid-2027. For planning: keep 2027 demand assumptions conservative and watch energy and food costs, which the bank says could rise if drought persists.