Thai economy expected to get 1-1.5% boost from latest cash handouts

Thanavat Phonvichai, president of the University of the Thai Chamber of Commerce. - The Nation

BANGKOK (The Nation/ANN): The government's plan to hand out payments of Bt3,000 to 15 million people will boost economic growth in the fourth quarter by an estimated 1-1.5 per cent, according to Thanavat Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC).

The government has yet to finalise details of the scheme, which is among its new measures to lift the coronavirus-battered economy.