Thai Economy Risks 'Technical Recession' Amid Slowing GDP Growth; Government Unveils Three-Pronged Strategy
Thailand's economy faces the risk of a 'technical recession' with continued slowdown in Q3 after negative quarter-on-quarter GDP growth in Q2. The Deputy Finance Minister warned of three economic shockwaves: energy issues, rising costs, and weakening purchasing power. The government is implementing a three-part strategy: stabilize current conditions, transition the economy, and invest for the future.
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