Thailand announces big stimulus to boost economy

MLADEN ANTONOV / AFP

Thailand is planning a massive stimulus package to boost its economy.

The country’s finance minister has announced that more than USD $10 billion (AED 36.7 billion) will in injected into various sectors. 

The package will include support for farmers and tourism.

Thailand, which is Southeast Asia's second-largest economy, is targeting GDP growth of at least 3 per cent this year and 3.5 per cent in 2020.

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