Thailand Pursues Over 3% Economic Growth with $4.4 Billion Stimulus Package
In a bid to rejuvenate the nation's economy, the Thai government has unveiled a substantial $4.4 billion stimulus package, aiming for an economic growth rate exceeding 3% this year. Central to this initiative is the expansion of the "digital wallet" program, which plans to distribute 10,000 baht to approximately 45 million citizens by the end of the third quarter. While previous phases of the program faced challenges, including funds being diverted to loan repayments, the government is optimistic that leveraging a digital platform will yield more effective results. Additionally, the Bank of Thailand has reduced interest rates to further stimulate economic activity, and export growth is targeted to surpass 4%, with a weaker baht expected to support this goal. This comprehensive approach seeks to bolster domestic consumption and position Thailand for a robust economic performance in the coming months.
Market Thailand - News Service
Market Thailand support small and medium sized businesses in marketing their products and services and help them to find new customers and increase sales.