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Thailand’s 2021 economy grows by 1.6%, PM vows to go full steam ahead on recovery

14 Sept 14:06 Key points summarised by AI

Thailand's economy expanded by 1.6% in 2021, exceeding initial projections despite the ongoing COVID-19 pandemic.
Prime Minister Prayut Chan-o-cha expressed satisfaction with the economic performance and pledged to accelerate recovery efforts.
The positive growth was driven by government stimulus packages, a gradual recovery in tourism, and increased public investments.
The National Economic and Social Development Council (NESDC) projects higher growth for 2022, anticipating further tourism recovery, investment promotion, and accelerated government spending.

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.