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Thailand – Government approves USD 4.5 billion Covid-19 economic stimulus package (Bloomberg)

03 June 2021

Thailand’s government approved a set of economic stimulus measures worth THB 140 billion (USD 4.5 billion) to counter the impact from the nation’s biggest coronavirus outbreak yet, reports Bloomberg. The measures include cash handouts to welfare-card holders and special groups, co-payments and cash rebates and are expected to be implemented from July. Thailand’s economy is facing strong headwinds from the country’s latest Covid-19 outbreak. Bank of Thailand Governor Sethaput Suthiwartnarueput said the economy may not return to pre-pandemic growth levels until early 2023, three quarters later than previously expected. For more on Covid-19 cases around the world, refer to SIA’s Coronavirus Resource Center.