InnovestX upgraded its 2026 Thai GDP forecast from 1.4% to 1.6%, supported by private investment, the digital industry, AI infrastructure and government stimulus, says Mr Piyasak, far left. From second left to right are Mr Sutthichai, Mr Sittichai and Mr Saran.
Energy-driven inflation, elevated government bond yields, and uncertainty surrounding US monetary policy have continued to pressure the global economy, says InnovestX Securities, stressing the need for a more selective investment strategy for Thai stocks amid limited upside.Sutthichai Kumworachai, head of investment strategy and research at InnovestX, said the global economy is navigating through a critical transition period between downside pressures and emerging growth opportunities.
"Global markets continue to face three major forces: energy-driven inflation, elevated government bond yields, and uncertainty surrounding US monetary policy," he said.
Against this backdrop, InnovestX sees three important growth drivers gaining momentum: artificial intelligence (AI)-related investment, easing geopolitical tensions, and large fiscal stimulus measures across major economies.
These factors are expected to provide meaningful support for global growth and investment opportunities going forward, said Mr Sutthichai.
