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BOT remains upbeat on economic projection in light of political turbulence

Bank of Thailand governor Tarisa Watanagase today voices optimism that the political turbulence is a shortterm problem which would not impact on economic fundamentals although it has caused jitters in business confidence and consumer's spending.

Tarisa calls on parties concerned to quickly overcome the political troubles in order to prevent longterm impacts on the economy. The plunging index of the stock market is already a cause for concern, she says.

Thai economic fundamentals remain strong as indicated by the treasury reserve and the vibrant exports, she says.

In the short term, the political volatility might impact on tourist arrivals. Authorities have not drawn a conclusion whether the growth rate for the second half of this year would bear the brunt of the political turmoil.

The central bank pledges to prudently supervise the exchange rate and keep inflation in check to ensure a viable economy.

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BOT remains upbeat on economic projection in light of political turbulence

Bank of Thailand governor Tarisa Watanagase today voices optimism that the political turbulence is a shortterm problem which would not impact on economic fundamentals although it has caused jitters in business confidence and consumer's spending.

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