A strong earthquake that recently hit Thailand is expected to have only a temporary effect on the country’s economy, with the government maintaining its growth forecast of 3% for the year, Deputy Finance Minister Julapun Amornvivat said on Tuesday.
A strong earthquake that struck Thailand last week, causing damage in several areas, is expected to have only a short-term impact on the country’s economy, according to Deputy Finance Minister Julapun Amornvivat. Despite the disruption, Thailand's growth forecast for this year remains at 3%.
Amornvivat stated on Tuesday that the government is still evaluating the extent of the earthquake’s effects. However, he reassured that the administration is prepared to implement support measures if necessary to mitigate any significant economic setbacks. The government’s swift response aims to ensure that the earthquake’s impact on growth will be minimal.
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