Stimulus package to boost GDP by 0.3%: TMB
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The new economic team's stimulus package could boost the 2015 economic growth by 0.3 percentage point, TMB Bank's research house forecast.
The house's forecast was based on the Village Fund and short-term job creation projects which would entail funding of Bt136 billion. The forecast did not take into account the latest measures to help small and medium-sized enterprises (SMEs) which are approved by the Cabinet today.
TMB Analytics expected the injection of Bt106 billion into the economy in the last quarter of this year, or 78 per cent of the total amount.
It also anticipated that the multiplier effect of the spending would boost the 2016 GDP forecast by 0.3 percentage point.
