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macroJun 26, 2026, 9:21 PM

HSBC: Thailand Q1 2026 Growth Beats on AI Demand, but 2027 Slowdown Expected

HSBC notes Thailand's 1Q26 GDP exceeded expectations, driven by strong electronics exports and AI-related activity, but warns of a slowdown by 2027.

HSBC has highlighted that Thailand's first-quarter 2026 gross domestic product (GDP) growth surpassed expectations. The outperformance was largely attributed to a surge in electronics exports and robust private investment and consumption, fueled by artificial intelligence-related demand.

Key contributors include:

  • Strong electronics exports linked to global AI infrastructure buildout.
  • Increased private investment in AI-related sectors.
  • Resilient private consumption supported by the economic momentum.

Despite the near-term strength, HSBC cautioned that a slowdown is anticipated by 2027, suggesting the current growth pace may not be sustainable.

Source: FXStreet Forex News