Thailand: Uttama says further stimulus ready

  • The Finance Ministry has enough fiscal space available for additional stimulus measures if needed to avert recession, says Finance Minister Uttama Savanayana.
  • “The stimulus measures that were recently approved by the cabinet might not be only one shot, and we’re ready to launch an additional stimulus if needed,” he said. The ministry has ample room to do so if the global economy becomes more volatile.
  • The government bond yield curve briefly inverted on 26 Aug 19 as the two-year bond yield was higher than the 10-year yield, marking a first since the devastating floods of 2011.
  • The inverted yield curve signalled escalating concerns about a possible recession as trade tension deepens, the global economy grows at a slower pace and the economy loses momentum.

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