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Thai central bank chief sees H2 growth similar to H1 level

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Thailand's economy in the second half is expected to grow close to the pace of the first half.

[BANGKOK] Thailand's economy in the second half is expected to grow close to the pace of the first half, while new government stimulus measures should lift confidence and help the economy in the short term, the central bank governor said on Monday.

Tourism should continue to perform well and government spending to improve, Prasarn Trairatvorakul told reporters.

Southeast Asia's second-largest economy grew 2.9 per cent in the first half from a year earlier but has yet to regain traction due to weak exports and domestic demand.

The government is planning economic measures, which include additional funds for low-income earners.

REUTERS

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