Issue 60: No Traction
- Sharmila Whelan
- Apr 2
- 1 min read
2 April 2026
The Thai market is still up 16% current year to date, but its business cycle assessment is weak, as is the structural growth story. Corporate profit, investment, and credit cycles are all in a downswing. Transformative reforms that would move the economy up the value-added chain are needed, but political appetite remains weak, with a continued preference for using fiscal stimulus to support consumption.
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