Thailand plans $630 million in economic measures to boost growth

Thailand will introduce economic measures worth about 20 billion baht ($629.52 million) to spur its slowing economy, the finance minister said on Friday, reports Trend citing to Reuters

The measures will be aimed at boosting consumption, tourism and helping low-income earners, and will be submitted to cabinet within two weeks, Apisak Tantivorawong told reporters.

Thailand’s economic growth is expected to slow to about 3 percent in the first and second quarters of the year, Apisak said, cooling from 3.7 percent in the last quarter of 2018.

Official first-quarter gross domestic product (GDP) will be released on May 21.

Thailand’s trade-dependent economy has been affected by slowing global demand, while the country is waiting for the next government to be formed after a March 24 general election.

19.04.2019 12:45 / Hits: 99 / Print
 
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