Financial tightening yet to 'bite' unemployment: IMF

13 Sept 03:36 Key points summarised by AI

IMF warns that the full impact of tightening financial conditions on unemployment is yet to materialize, despite current strong labor markets.
Central banks are urged to continue raising interest rates to combat persistent inflation, navigating the fine line between easing demand and avoiding recession.
Global growth is projected to slow further this year, with a potential 'bottoming out' towards year-end, as the IMF believes a systemic recession can be avoided.
China's sustained economic reopening is crucial for global growth, while the U.S. exhibits remarkable market resilience, indicating a potential 'soft landing'.

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.