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PM downplays Moody’s downgrade, cites global tariff impact
10 Sept 12:36Key points summarised by AI
- Prime Minister Paetongtarn Shinawatra dismissed Moody's downgrade of Thailand's economic outlook to 'negative,' attributing it to global tariff impacts and citing the country's past recovery.
- The government is proactively addressing economic challenges by investing in future industries, attracting foreign technology investments, and implementing measures to boost purchasing power and support SMEs.
- Shinawatra defended the proposed entertainment complex, clarifying its primary purpose as a year-round tourist attraction, with the casino component making up only 10% of the entire project.
- She assured robust negotiations with the US, both directly and through ASEAN, to mitigate tariff impacts and emphasized the importance of developing competitive Thai products like durian.
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