Thai cabinet approves plans to borrow $12bn to ease Iran war fallout
Economy
Climbing public debt puts sovereign credit rating at risk
Thai Prime Minister Anutin Charnvirakul, center, has said the emergency borrowing is needed to stave off stagflation. (Photo by Ken Kobayashi)
BANGKOK — The Thai government’s cabinet approved Tuesday an emergency decree to borrow up to 400 billion baht ($12.2 billion) to alleviate cost-of-living pressures stemming from war in the Middle East.
