Thailand ready to issue emergency decree for ‘big’ economic stimulus as recession looms

The Straits Times | Mar 27, 2020 at 4:08 AM
  • Thailand will have a “big scheme” to help stimulate the economy ravaged by the coronavirus outbreak that has infected more than 1,000 in the country.
  • The government recently introduced a series of stimulus measures worth billions of dollars to cushion the virus impact on Southeast Asia’s second-largest economy which is heading into a recession.
  • The coronavirus outbreak has badly damaged both tourism and domestic consumption, two key drivers of expansion, amid restrictions to curb the spread of the disease known as Covid-19.