Stock analysts expressed concerns over the government’s stimulus policies, saying the recently announced measures would significantly increase public debt and have a limited effect on bolstering tourism amid the global economic slowdown.
Kavee Chukitkasem, head of research and content at PI Securities, said the economic policies announced after the first cabinet meeting of the Srettha Thavisin administration caused a drop in the Stock Exchange of Thailand index on Wednesday afternoon and the continued depreciation of the baht yesterday.
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