Cabinet Greenlights ฿316bn Stimulus Plans, Expecting to Improve GDP to 3% in 2019!

Following the approval last week from Thai economic cabinet on a fiscal stimulus package worth THB 316 billion to lift Thai economy, today, the cabinet has given a green light on the stimulus plan.

The planned stimulus package will help farmers affected by drought and low-income people while also boosting investment, domestic tourism, and consumption in which Siam Commercial Bank (SCB) estimated that every 30 billion baht from the stimulus plan will be able to lift economic growth by 0.1 percentage point. The government expected a minimum of 3% in GDP growth this year.