Thailand can add more economic stimulus if needed: Finance Minister
Reuters
Published Aug 29, 2019 07:17AM ET
Thailand can add more economic stimulus if needed: Finance Minister
BANGKOK (Reuters) - Thailand is ready to add further fiscal support if a recently introduced stimulus package is insufficient, the finance minister said on Thursday, as the government tries to revive flagging domestic activity.
The government will take a few months to review the effect of the $10-billion package announced this month, as Thailand registered its weakest growth in nearly five years in the second quarter.
"We will wait for three to four months to see whether the measures are enough, as they are temporary," Uttama Savana told reporters.
"If needed, we can introduce more, because our fiscal position is still strong."
Uttama has said the stimulus package is expected to help lift growth in Southeast Asia's second-largest economy to 3% this year. Last year's expansion was 4.1%.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.