Bangkok: The National Economic and Social Development Council (NESDC) is in a holding pattern as it awaits a comprehensive assessment of the economy after the United States and Iran signed a peace agreement. The NESDC has stated that it is currently too early to determine the potential impact on Thailand's GDP growth.
According to Thai News Agency, Mr. Danucha Pichayanant, Secretary-General of the NESDC, has expressed cautious optimism regarding the economic outlook following the peace agreement. However, he emphasized the need for further clarity before making any conclusive assessments. Mr. Danucha noted that while the situation appears to be improving, predicting the exact economic trajectory remains uncertain at this stage.
When queried about the potential boost to Thailand's GDP, Mr. Danucha explained that GDP growth is contingent on multiple variables, including inflation rates. He highlighted the necessity of reassessing the situation to provide a more accurate forecast. Despite earlier declarations signaling an end to the conflict, Mr. Danucha pointed out existing inconsistencies, underscoring the importance of taking additional time to evaluate the evolving situation.