Hanoi, April 12 -- Bangkok (VNA) - Thailand's economic outlook is facing mounting uncertainty as the ongoing conflict in the Middle East continues to weigh on global energy markets, prompting authorities to reassess growth projections and warn of rising stagflation risks.

Danucha Pichayanan, Secretary-General of the National Economic and Social Development Council (NESDC), said the conflict is exerting increasing pressure on global energy markets, leading to oil price volatility despite emerging signs of negotiations between the US and Iran.

NESDC has outlined four possible scenarios to reassess Thailand's economic trajectory in 2026.

In the first scenario, if fighting spreads across parts of the region but concludes within two months,...