News Snapshot:
Efficient fiscal policy is needed to recover the economy in the rest of the year amid a lower space of both fiscal and monetary policies, warns Standard Chartered Bank (Thai). Tim Leelahaphan, economist at Standard Chartered Bank (Thai), said the government has the remaining stimulus budget at around 20% of the total one trillion baht borrowing under the emergency decree. As a result, the remaining budget should be used for efficient stimulus measures to build up people's confidence, stimulate economic activity and support the country's economic growth. According to Mr Tim, Thailand's public debt ratio has increased to around 50%...
