Thailand's Finance Minister announces accelerated investment spending and a 3.5% annual growth target.
Thailand's Finance Minister, Pichai Chunhavajira, announced plans to accelerate investment spending and set a new 3.5% annual growth target in light of the current 2.5% growth rate. The government aims to disburse at least 70% of its investment budget by September's end and is considering short-term stimulus measures. Thailand's economy expanded by 1.5% in Q1 2019, a slower pace compared to 1.7% in the previous quarter.
June 10, 2024
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