Is Thailand heading towards an economic crisis?

27 Sept 06:59 Key points summarised by AI

Thailand's Q3 GDP growth of 1.5% has sparked debate over an impending economic crisis, though most economists dismiss comparisons to severe past downturns.
The government's controversial 500 billion baht digital wallet scheme aims to boost consumption, facing criticism for prioritizing short-term spending over productive investment.
Underlying issues like lagging growth compared to ASEAN peers, human resource development, widespread corruption, and declining export competitiveness contribute to long-term concerns.
Despite challenges, recent unexpected export growth in October and a steady recovery in tourism offer a cautious outlook for improved economic performance next year.

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.