Sethaput Suthiwartnarueput, the governor of the Bank of Thailand, addressed a business seminar today, emphasising the need for Thailand to bolster its economic resilience to secure sustainable growth. He warned that economic stability should not be taken for granted, particularly considering the potential high-risk side effects that conflict in the Middle East could pose.
Thailand, the second-largest economy in Southeast Asia, experienced a substantial slowdown in the second quarter, with a mere 1.8% year-on-year growth. This sharp downturn from the previous quarter was attributed to weak exports and investment that massively offset the strength in tourism.
The central bank governor remains optimistic that the economy will still meet the forecasted growth for this year. However, he cautioned that the predicted 4.4% growth for the following year may need to be…
