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Thailand’s GDP growth forecast to drop this year from 2.8% to 1.6% due to COVID-19

Thailand’s GDP growth forecast to drop this year from 2.8% to 1.6% due to COVID-19

13 Sept 05:44 Key points summarised by AI

Thailand's GDP growth forecast for 2021 has been sharply reduced from 2.8% to 1.6%, primarily due to the severe economic impact of the third wave of the COVID-19 pandemic and subsequent government restrictions.
The revised projection anticipates a significant drop in foreign tourist arrivals and a monthly economic loss of 200 billion baht, though a weakening Thai baht is expected to boost exports, with growth now projected at 4.7%.

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

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.

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