The government should launch the digital wallet scheme next April, because the Thai economy will need an injection of cash for economic stimulation, otherwise it will be too late, said Sanan Angubolkul, president of the Thai Chamber of Commerce and Board of Trade.

 

He also said that the war between Israel and Hamas is a growing negative factor, which will feed global economic uncertainty and may impact Thai exports, even though major exports categories, such as farm produce and automobiles, are forecast to grow further.

 

According to the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB), overall Thai exports are forecast to shrink by 1-2%, from the previous projection of 0.5-2.0%, and tourist arrivals are expected to be around 28-19 million, instead of 29-30 million as previously projected.  GDP is forecast to be 2.5-3.0% and inflation at 1.7-2.2%.

 

Caption: Sanan Angubolkul, president of the Thai Chamber of Commerce and Board of Trade

 

Full story: Thai PBS 2023-11-02

 

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April 1st would be great...

In April, there is Songkran. It would be the ideal time, in order to make sure this money would be wasted to buy booze.