Thai Cabinet approves new economic stimulus measures
The Thai Cabinet today approved three new stimulus packages to prop up the softening economy, said Finance Minister Uttama Savanayana.
The government expects the measures to propel full-year economic growth to 2.8% from a projection of 2.6% recently announced by the National Economic and Social Development Council (NESDC).
The Office of the National Economic and Social Development Council (NESDC) has recently announced that Thailand’s Q3 2019 GDP growth came in at 2.4 percent, adjusting the overall GDP growth this year down to 2.6 percent, citing negative factors from the trade war affecting the export sector.
The aim is to boost the economy during the remainder of this year and the first quarter of next year
Finance Minister, Mr Uttama Savanayana 1. Grassroot economy boosterThe first package is to boost the grassroots economy and is divided into three sub-projects, namely a village fund for 71,742 villages graded…
Thai economy continued to be on a decelerating trend (Bank of Thailand)
According to Bot latest Press Release, the Thai economy continued to be on a decelerating trend in October. The value of merchandise exports continued to contract, mainly due to the economic slowdown of trading partners, consistent with deterioration in manufacturing production and private investment indicators.
Public spending contracted after last month’s expansion, from capital expenditures. However, private consumption indicators expanded at a higher pace compared with the previous month after temporarily benefiting from the government’s economic stimulus measures. The tourism sector also continued to expand well.?
On the stability front, headline inflation edged lower on the back of falling energy prices while core inflation held steady. The seasonally adjusted unemployment rate slightly decreased, in line with the rising number of employed persons in agricultural sector. The current a…
Healthcare visitors from CLMV nations and China allowed 90-day visas
Poor Thais shrank to to 4.9 million last year
The number of poor in Thailand fell to 4.9 million last year from 7.1 million in 2014 as the country's economic growth and myriad state policies helped raise incomes, says the government's planning unit. (more…)