Thailand to Begin Phase 2 of ‘Digital Wallet’ Stimulus in January

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Thailand to Begin Phase 2 of ‘Digital Wallet’ Stimulus in January - The Diplomat

Quick Summary:

The Pheu Thai government has also promised to introduce debt relief measures and additional stimulus programs in a bid to kick start the economy.

According to Thai government figures, there have been more than 29 million foreign arrivals so far in 2024, putting Thailand on target to exceed its yearly target of 36.7 million.

Thailand’s economy, the second-largest in Southeast Asia, has shown signs of recovery that suggest the stimulus measures and other government efforts to revive the economy are finally beginning to have an impact on the balance sheet.