$13.8-B handout to lift Thai economy

By Reuters

Jul 25, 2024 12:12 am

BANGKOK – Thailand's 500-billion baht ($13.85-billion) 'digital wallet' handout scheme is a necessary stimulus measure to boost a lagging economy held back by low income and high household debt, its finance minister said on Wednesday.

Projected economic growth of 2.4 percent this year is low and a result of structural issues, Pichai Chunhavajira said, adding those problems were being fixed in parallel to stimulus measures to jumpstart the economy, Southeast Asia's second biggest.

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