“Officials have been working to come up with a stimulus package, as we expect the economy to slow down e second half of the year. The economic package would be proposed to the new government,” said Lavaron Sangsnit, director-general at the Fiscal Policy Office. His comments came amid a slowdown in the Thai economy due to the impact of the trade tensions between the US and China. The stimulus package will be aimed at boosting consumption among low-income groups as they have a tendency to spend all the money that government puts into the economic lifeline, he said. Meanwhile, Somprawin Manprasert, chief economist and executive vice president, head of research division at Bank of Ayudhya Plc (BAY), is sceptical about how effective a new stimulus package can be.

Source: The Nation Bangkok June 03, 2019 18:00 UTC