Thailand

Thailand’s PM Thavisin expressed concern over the country’s economic condition, describing it as being in a “crisis” due to significantly low GDP growth over the past decade. He emphasized the need for a “major economic stimulus” to rejuvenate growth, supported by a 500-bln-baht digital wallet program. The PM noted that the economy’s growth averaged around 1.8% annually over the past decade, lagging behind regional counterparts. Additionally, a bilateral visa-free policy between China and Thailand is anticipated soon.