DPM sees strong year end economic growth

 

 

BANGKOK, 4th December 2018 (NNT) – The Deputy Prime Minister for Economic Affairs has revealed that Thailand’s GDP growth this year is likely to end above four percent and that over 2 trillion baht is to be invested by the state in mega projects next year. 

Speaking at Thailand’s Economic Outlook 2019, Deputy Prime Minister Somkid Jatusripitak pointed out that if 3.3 percent in economic growth is achieved in the fourth quarter, the nation will have ended the year four percent up. He noted positive turns in negotiations between China and the US have benefitted exports and are likely to help the GDP in the fourth quarter hit 3.5 percent growth and full year growth to stand between 4.1 and 4.2 percent. 

In 2019, Thailand is set to invest over 2 trillion baht in mega projects such as an urban high speed railway, dual railways and energy production in the Eastern Economic Corridor. Somkid said the latter program must be closely watched as it is an important infrastructural development for the country. 

The DPM remarked that it is likely the next government will be a coalition administration in which cooperation and a clear idea of the nation’s needs and future will be important. He expressed the opinion that a new generation of politicians who do not engage in partisanship is needed to ensure national progress.

 

-- nnt 2018-12-04

Not what I'd call an optimistic look from the DPM.

 

It puzzles me why any intelligent person would believe anything this man says. About anything. He's very soiled goods.

"The Kingdom is on its knee, we expect no growth, we are buggered".

Said the The Deputy Prime Minister for Economic Affairs of no country in the world.

 

 

45 minutes ago, BigBadGeordie said:

"The Kingdom is on its knee, we expect no growth, we are buggered".

Said the The Deputy Prime Minister for Economic Affairs of no country in the world.

 

 

 

Apparently despite the obvious fact that it applies to many of them...

 

Alas, truth among the pollies died with Disraeli, and maybe before him.

4 minutes ago, HalfLight said:

Alas, truth among the pollies died with Disraeli, and maybe before him

Shit and I thought I was old, you remember Disi?

????????

23 hours ago, webfact said:

it is likely the next government will be a coalition administration in which cooperation and a clear idea of the nation’s needs and future will be important.

Well no. Such a prediction would be - thanks to the junta's new constitution - illegal.

The next government must abide by the junta's 20-year plan regardless of any changes in Thailand's economic situation. Unless of course the next government is essentially the current pro-military government that can easily get constitutional amendments.