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
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)
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