New Thai PM to push ahead with cash stimulus to revive economy
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Thailand's new Prime Minister Paetongtarn Shinawatra, sworn in on September 7, 2024, plans to implement a US$14 billion cash stimulus to combat low growth and household debt. The digital wallet program will provide 10,000 baht to 50 million adults, with 14.5 million expected to benefit in the first phase. Paetongtarn, the youngest leader at 38, aims to continue previous policies to boost tourism and agriculture. The Thai economy is projected to grow 2.5% this year, lagging behind neighbors. She is the third Shinawatra family member to lead Thailand and faces challenges in maintaining her coalition and attracting foreign investment.

#Thailand #Economy #Stimulus #PaetongtarnShinawatra #CashHandout #Tourism #ForeignInvestment #ShinawatraFamily #Politics #HouseholdDebt

https://theedgemalaysia.com/node/725948