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Thailand says $13.8 billion handout scheme a vital boost for sluggish economy

Summary by WTVB
BANGKOK (Reuters) – Thailand’s 500 billion baht ($13.85 billion) “digital wallet” handout scheme is a necessary stimulus measure to boost a lagging economy held back by low income and high household debt, its finance minister said Wednesday. Projected economic growth of 2.4% this year is low and a result of structural issues, Pichai Chunhavajira said, adding those problems were being fixed in parallel to stimulus measures to jumpstart the ec…
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