The Classy Investors

  /  Economy   /  Thailand plans more stimulus measures this month: Deputy PM

Thailand plans more stimulus measures this month: Deputy PM

imageEconomy20 hours ago (Aug 17, 2020 12:55AM ET)

(C) Reuters.

BANGKOK (Reuters) – Thailand plans to introduce more stimulus measures later this month, a new deputy prime minister said on Monday, as the economy contracted sharply in the previous quarter due to the coronavirus pandemic.

The measures will help all groups hit by the crisis, Supattanapong Punmeechaow told a briefing after a meeting with new Finance Minister Predee Daochai and officials. Supattanapong is also energy minister and will oversee the government’s economic agencies.

Southeast Asia’s second-largest economy shrank 12.2% in April-June from a year earlier, the sharpest pace since 1998, during the Asian financial crisis.

Thailand plans more stimulus measures this month: Deputy PM

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.