World Bank puts Thailand’s 2019 GDP growth at 3.8 percent

13 Sept 14:45 Key points summarised by AI

The World Bank has reduced Thailand's 2019 GDP growth forecast to 3.8% from 3.9%, primarily due to slower export growth and a global economic slowdown exacerbated by the US-China trade war.
Despite the revised projection, Thailand's economic growth trend is improving compared to previous years, fueled by rising government and private sector investments and increasing private consumption.
A potential delay in forming the new government poses a risk, possibly affecting government investments, procurement projects, and private sector investments in 2021.
Thailand possesses strong fiscal and financial capacity to implement economic stimulus measures, supported by a low public debt-to-GDP ratio and a stable policy rate.

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.