Thai Finance Minister eyes 2025 GDP growth of 3.5%, plans more stimulus

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Thai Finance Minister eyes 2025 GDP growth of 3.5%, plans more stimulus - Channel News Asia

Quick Summary:

BANGKOK : Thailand is targeting economic growth of 3.5 per cent in 2025 after 2.7 per cent growth seen this year, and the government will soon consider more stimulus measures and the rollout of phase two of its $14 billion handout scheme, the finance minister said on Wednesday.

Pichai said the government would urge the private sector to invest more and banks to help tackle household debt.

The government will discuss more economic measures on Nov.19, including the second phase of its "digital wallet" handout scheme, Pichai said, adding it was unclear when payments would be made.