Uttama: Jump-start growth momentumThe Finance Ministry is set to roll out a fresh stimulus package this quarter large enough to jump-start economic growth momentum, says Finance Minister Uttama Savanayana. The prospective measures will help bolster consumer confidence, the tourism sector and business operators, he said. The scene has prompted many research houses to slash their economic forecasts, with some putting Thailand's GDP growth below 2% this year. GSB Research recently predicted that Thailand could lose 170 billion baht in tourism income, shaving one percentage point off the country's 2020 GDP growth, if the virus outbreak takes six months to contain. The government aims to sustain the country's economic growth at its potential in the long run and foster inclusive growth, he said.
Source: Bangkok Post February 19, 2020 23:48 UTC