Tisco Financial Group has warned that the global economy may face increasing challenges in the second half of 2026, citing rising stagflation risks, high energy prices and ongoing geopolitical tensions.
According to Tisco, slower economic growth, elevated inflation and higher-for-longer interest rates could create a more volatile environment for investors. The firm identified three key risks: a potential oil price shock linked to Middle East tensions, persistently high US Treasury yields, and stagflation weighing on corporate earnings and stock valuations.
As a result, Tisco recommends diversified portfolios with exposure to commodities, energy, consumer staples and gold, which tend to perform better during periods of inflation and uncertainty.
Despite global concerns, Tisco remains optimistic about Thailand’s outlook, expecting continued support from foreign direct investment, improving corporate earnings and government stimulus measures. The firm also sees long-term opportunities in artificial intelligence and robotics, which are expected to drive productivity and earnings growth through 2027.