Thailand plans $630 mln in economic measures to boost growth - FinMin

BANGKOK, April 19 (Reuters) - Thailand will introduce economic measures worth about 20 billion baht ($629.52 million) to spur its slowing economy, the finance minister said on Friday.

The measures will be aimed at boosting consumption, tourism and helping low-income earners, and will be submitted to cabinet within two weeks, Apisak Tantivorawong told reporters.

Thailand's economic growth is expected to slow to about 3 percent in the first and second quarters of the year, Apisak said, cooling from 3.7 percent in the last quarter of 2018.

Official first-quarter gross domestic product (GDP) will be released on May 21.

Thailand's trade-dependent economy has been affected by slowing global demand, while the country is waiting for the next government to be formed after a March 24 general election. ($1 = 31.7700 baht) (Reporting by Kitiphong Thaichareon Writing by Orathai Sriring Editing by Kim Coghill)

2019-04-19 08:55:09

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