Thailand plans more stimulus measures this month

BANGKOK: Thailand plans to introduce more stimulus measures later this month, a new deputy prime minister said on Monday, as the economy contracted sharply in the previous quarter due to the Covid-19 coronavirus pandemic.

The measures will help all groups hit by the crisis, Supattanapong Punmeechaow told a briefing after a meeting with new Finance Minister Predee Daochai and officials. Supattanapong is also energy minister and will oversee the government’s economic agencies.

Southeast Asia’s second-largest economy shrank 12.2% in April-June from a year earlier, the sharpest pace since 1998, during the Asian financial crisis.- Reuters

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