Huge new stimulus package coming: Somkid
Thailand needs to rev up both public and private investment, including infrastructure development as well as the promotion of the tourism and service sectors, to boost economic growth this year, Deputy Prime Minister Somkid Jatusripitak told a business seminar on Wednesday.
The central bank estimated 2019 growth at 2.5%, a five-year low, and forecast 2.8% growth for this year. Private investment has amounted to only 16% of gross domestic product, while the baht was Asia’s best-performing currency in 2019, rising almost 9% against the US dollar.
Bangkok Post Reporter
