Thailand’s 2022 GDP growth projection cut to 3%, 2.2% recorded for Q1

22 Sept 11:49 Key points summarised by AI

Thailand's National Economic and Social Development Council (NESDC) has reduced the 2022 GDP growth projection to an average of 3% (from 3.5-4.5%), citing uncertainties from the Ukraine conflict impacting energy and production sectors.
Despite the revised outlook, Thailand recorded 2.2% GDP growth in Q1 2022, driven by eased lockdown measures, a 3.9% increase in consumption, and robust 10.2% growth in exports, with exports and tourism remaining key economic drivers.

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.