The government’s policy of stimulating private consumption is reasonable to sustain Thailand’s economic growth amid global uncertainties, says an economist with Standard Chartered Bank (Thai).
Private consumption in the country grew by 7% year-on-year in the first half of 2023.
Private consumption and the tourism sector are expected to be the key factors driving economic expansion in the second half of the year.
It is reasonable for the government to support domestic consumption through stimulus measures to maintain positive economic momentum, said Tim Leelahaphan, an economist at Standard…
