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Thailand does not need additional stimulus measures: deputy

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Thailand has no need to introduce additional economic measures, Deputy Prime Minister Somkid Jatusripitak said on Wednesday, amid concerns that domestic activity could be affected by a year of mourning for King Bhumibol Adulyadej.

[BANGKOK] Thailand has no need to introduce additional economic measures, Deputy Prime Minister Somkid Jatusripitak said on Wednesday, amid concerns that domestic activity could be affected by a year of mourning for King Bhumibol Adulyadej.

"There is no need for any stimulus measures," Mr Somkid told reporters. "There is nothing to worry about... we must be confident in our country's potential. Investment will definitely come."

With the government asking people to "refrain from festivities" for 30 days, and embassies advising tourists to show restraint after the king's death, Bangkok's bustling bars and the country's famous holiday resorts could go unusually quiet.

On Monday, Somchai Sujjapongse, the finance ministry's permanent secretary, said the government was considering steps to help the economy.

REUTERS