Thai business leaders urge PM Shinawatra to adopt economic stimulus measures for stagnant consumer spending and high debt.

Thailand's business leaders, including major groups like the Thai Chamber of Commerce, are urging Prime Minister Paetongtarn Shinawatra to adopt new economic stimulus measures to combat stagnant consumer spending and high household debt. They proposed initiatives like subsidies, tax incentives, and a debt moratorium to encourage spending. The private sector aims for GDP growth of 4-5% next year, with the government planning to announce debt-relief measures soon.

October 28, 2024
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