Thailand plans $630 million in economic measures to boost growth: Finance Minister

FILE PHOTO: Workers work at a construction site in central Bangkok, Thailand, September 26, 2016. REUTERS/Athit Perawongmetha

BANGKOK - Thailand will introduce economic measures worth about 20 billion baht to spur its slowing economy, the finance minister said on Friday. 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.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.Our Standards:

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