Political uncertainty weighs on Thai economic growth

24 Sept 09:38 Key points summarised by AI

Thai economic growth forecasts for 2019 have been significantly revised downwards by multiple institutions, falling below 4 percent, primarily due to weak exports and domestic political uncertainty.
Political instability, stemming from the post-election government formation, is dampening consumer confidence and prompting investors to delay new investments, further hindering economic momentum.
Exports face strong headwinds from global trade tensions, particularly the US-China dispute, while even tourism, a key economic driver, is experiencing challenges like air pollution.
Economists emphasize the urgent need for political clarity and the formation of a stable government by June to implement economic stimulus measures and prevent a sharper slowdown.

New home loan scheme aims to boost property sector with Bt125 billion

Today 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.