Thailand’s economic growth is predicted to continue slowing in the third quarter, with a potential “technical recession” looming. This warning comes from Vice Minister of Finance Santitarn Sathirathai, following negative GDP growth in the second quarter. A technical recession is defined by two consecutive quarters of economic contraction. The government is responding with a three-part strategy aimed at stabilizing the current economic situation and preventing further decline. Details of this strategy were not fully elaborated in the report. The situation presents a challenge for Thailand’s economic stability in the coming months. Further economic indicators will be closely watched to assess the effectiveness of the government’s intervention.