Thailand’s economy forecast to grow by 4% this year

13 Sept 11:56 Key points summarised by AI

The Thai Fiscal Policy Office projects the national economy to grow by 4% this year, an increase from last year's revised 1.2% expansion.
Key drivers for this growth include a significant recovery in tourism under the "Test and Go" program, continued strong export performance, and limited global impacts from the COVID-19 pandemic.
Government economic policies, including substantial budget spending and investment in state enterprises, are expected to stimulate private sector consumption and investment, further bolstering economic expansion.
While inflation is forecast to remain manageable at 1.9%, the economy faces potential risks from global economic fluctuations, supply chain issues, household debt, and the uncertainty surrounding the COVID-19 situation.

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

Yesterday 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.