KONTAN.CO.ID - BANGKOK. Thailand's Prime Minister Srettha Thavisin stressed on Thursday that the country's economy was in need of a big injection of stimulus to get out of what he called a "crisis", and said it was at risk of falling further behind its competitors. Speaking at a business forum, Srettha painted a bleak picture for an economy he said was troubled by household debt and low wages for the poor, championing his signature "digital wallet" handout policy of disbursing 500 billion baht ($14 billion) among 50 million Thais to spend in six months. "We need major stimulus," he said.
Thai PM Says Economy Needs Major Stimulus to Get Out of 'Crisis'
KONTAN.CO.ID - BANGKOK. Thailand's Prime Minister Srettha Thavisin stressed on Thursday that the country's economy was in need of a big injection of stimulus to get out of what he called a "crisis", and said it was at risk of falling further behind its competitors. Speaking at a business forum, Srettha painted a bleak picture for an economy he said was troubled by household debt and low wages for the poor, championing his signature "digital wallet" handout policy of disbursing 500 billion baht ($14 billion) among 50 million Thais to spend in six months. "We need major stimulus," he said.