SCB WEALTH continues to provide an unparalleled educational experience in investment management for its high-net-worth clients at SCB PRIVATE BANKING in Thailand with the exclusive seminar 'Exclusive Investment Talk' under the theme 'How Should Thai Investors Plan as the Global Economy Recovers?'

The seminar featured esteemed experts from Innovest X Securities Company, who analyzed the growth of the Thai economy as the global economy shows signs of synchronized recovery in the third quarter of 2024. They highlighted that the recovery will be led by major economies, starting with the United States, followed by Europe and Asia, with China's economy expected to benefit from stimulus measures across various sectors.

While the U.S. economy remains strong, it is showing signs of a gradual slowdown (soft landing), allowing the Federal Reserve to potentially lower interest rates within 2024. The discussion also delved into the direction of the Thai stock market and investment opportunities in the third quarter, assessing that the Thai economy is set to recover in a 'global recovery, Thailand follows' manner. However, there are risks to monitor, including geopolitical issues, particularly the trade war between China and Western nations, as well as political risks in Thailand. Nevertheless, the Thai economy is expected to grow by 2.5% in 2024 and 3.0% in 2025, driven by external factors and government investment spending.

Additionally, the seminar included an analysis of stock selection strategies suitable for market trends, along with presentations of investment products and solutions that can help key clients manage their portfolios effectively in all situations. The event featured Mr. Phakwee Narongchotikul, Area Manager of the Investment Center at Siam Commercial Bank, along with Mr. Sutthichai Kumwornchai, Head of Investment Strategy, and Dr. Piyasak Manasan, Chief Economic Researcher at Innovest X Securities, who participated in the seminar held recently at the SCB Investment Center, Central World, 5th floor.