Thailand has announced an accelerated rollout of its ‘digital wallet’ handout program, aiming to provide 145 billion baht ($4.2 billion) to vulnerable groups earlier than planned. This move, part of a larger 450 billion baht stimulus package, seeks to jumpstart the country’s economy, which has been sluggish in recent years.
Results for: Stimulus
Chinese Premier Li Qiang has called for significant efforts to stimulate the economy, focusing on increasing consumer spending and supporting household income. This comes amidst slowing economic growth in July, with indicators like falling home prices and rising unemployment highlighting the need for intervention.
China’s government has unveiled a comprehensive strategy aimed at stimulating consumer spending and revitalizing its economy. The plan includes expanding basic consumption in key sectors like catering, home services, and elder care, enhancing financing for small businesses, and easing restrictions on household registrations in major cities.