Earthquake unlikely to damage Thai GDP

The impact of last week’s earthquake on GDP this year says Deputy Finance Minister Paopoom Rojanasakul.

- WICHIT CHANTANUSORNSIRI

Speaking yesterday, Mr Paopoom said the damage caused by the earthquake would not be significant for the Thai economy. Nevertheless, he noted that the assessment of the event’s impact was still ongoing, but the initial expectation was that it would not affect GDP this year.

In January, the Fiscal Policy Office reported that Thailand’s economy growth in 2024 stood at 2.8%, with an expected average growth of 3% this year, driven by private consumption, exports, tourism, and both public and private sector investments. The Finance Ministry will closely monitor the situation and implement support policies to maintain stability and promote sustainable economic growth in Thailand, said Mr Paopoom.