World Economy

Thai Stimulus Insufficient

Thai Stimulus InsufficientThai Stimulus Insufficient

Thailand’s government is trying to bolster a struggling economy that is at risk of trailing its peers with a stimulus package that analysts say is insufficient to counter the damage from falling exports and weakening domestic demand. The cabinet last week approved a 364.5 billion baht ($11b) budget that Deputy The government said it will speed up approvals for 380 projects worth 429.2b baht and quicken investment spending for the 2014 and 2015 fiscal years. The World Bank this week cut Thailand’s growth forecast for this year and next, predicting it will have the slowest expansion among major Asian economies.