Economics
Thailand May Repeat 4% Growth on Welfare, Finance Official Says
- 10 million low-income earners given as much as $9 a month
- Nation isn’t worried should higher U.S. rates lead to outflows
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Thailand’s economic growth could once again exceed 4 percent this quarter with a subsidy for the poor boosting consumption, a senior finance official said.
“They spent almost 100 percent” of the money, said Suwit Rojanavanich, director-general for the Finance Ministry’s fiscal policy office, referring to 10 million low-income earners who started receiving as much as 300 baht ($9) a month in October.