Bangkok: CIMB Thai has forecasted that the Thai economy will face obstacles during the first half of 2026, but expects a recovery in the latter half of the year.
According to Thai News Agency, CIMB Thai attributes these challenges to a technical recession characterized by stagnant purchasing power, consumption, and investment. The bank expects a turnaround with the formation of a new government and the finalization of a budget, which will help boost purchasing power and investment.
Dr. Amorntep Chavala, Assistant Managing Director and Head of Research at CIMB Thai Bank, noted that the Thai economy struggled initially due to weak exports and a strong baht, which adversely impacted economic activity. The tourism sector, vibrant only during the New Year, also experienced a downturn post the high season. However, Dr. Chavala remains optimistic about the second half of the year, anticipating a resurgence in investment flows, a potential weakening of the baht to enhance export competitiveness, and a revival in tourism.
CIMB Thai also outlined its Wealth Management strategy, which aims to provide clients with enhanced returns and security through diversified portfolios. Mr. Phudinant Sethanant, Head of Affluent and Wealth Management at the bank, emphasized the institution's commitment to delivering stable and sustainable growth for clients, regardless of the economic climate. The bank positions itself as a 'Safer Pocket' for customers, ensuring security through expert portfolio management.
CIMB Thai's investment solutions include leadership in the bond market with the 'CIMB we BOND' initiative, 'CIMB Donut' mutual funds for optimal asset allocation, and offshore investment opportunities in Singapore. Additionally, the bank is developing bancassurance products tailored to Thailand's aging population, focusing on savings, protection, and legacy planning to secure the future for all client groups.