Impacts from government’s economic stimulus package minimal: NIDA Poll

 

 

In spite of the government’s efforts to stimulate economic growth by launching a series of measures, their impacts on the market may be minimal largely because consumers have not regained confidence on the economy.

 

The latest NIDA poll survey released on May 12 showed that 40.43 percent of respondents said the economic stimulus measures were unlikely to have any impact on the Thai economy, and another 18.26 percent believed the Thai economy will perform worse. Only 41.31 percent of the respondents thought the measures would boost the Thai economy.

 

Asked whether the government’s domestic spending stimulus package and e-tax scheme will make people spend more, 64.35 percent of respondents disagreed, while the other 35.65 percent said they might spend more, according to NIDA Poll. The survey was carried out from May 9-10 this year.

 

Full story: https://www.thaipbsworld.com/impacts-from-governments-economic-stimulus-package-minimal-nida-poll/

 

 

-- © Copyright Thai PBS 2019-05-13

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And yet the Baht mysteriously stays strong,as my MADE IN USA,JIF peanut butter increased to 199 bt yesterday......

Edited May 12, 20197 yr by mok199

3 hours ago, mok199 said:

And yet the Baht mysteriously stays strong,as my MADE IN USA,JIF peanut butter increased to 199 bt yesterday......

It's supply and demand. Thailand runs a surplus on its balance of payments which means that it is a net seller of Thai baht. This means that more Thai baht are sold than Thailand buys of other currencies. All exporters tend to have strong currencies with the exception being the Chinese currency.

Maybe you should give up peanut butter, it isn't good for you, full of fat.

Good thing this did not get exposed during the elections.  Cha cha would have thrown a fit, called it fake news.  When the truth is more like his wet blanket approach to things is killing the population's ambition. 

Maybe they should consider bring the lower income earners wages into line with high street prices?

 

4 hours ago, webfact said:

The latest NIDA poll survey released on May 12 showed that 40.43 percent of respondents said the economic stimulus measures were unlikely to have any impact on the Thai economy, and another 18.26 percent believed the Thai economy will perform worse. Only 41.31 percent of the respondents thought the measures would boost the Thai economy.

Versus this:

May 1, 2019 - Bangkok University Research Centre recently polled 1,160 workers in Bangkok and provinces in the vicinity about their hopes for a minimum-wage hike:

• 26.3% said they earned enough to cover daily expenses and keep some for savings.
• 85.9% of workers were worried over increased commodity product prices after a flat-rate Bt400 hike was implemented. http://www.nationmultimedia.com/detail/national/30368646

May 3, 2019 - Thailand’s consumer confidence index (CCI)

• the month of April plunged to 79.2 points – the lowest in 16 months – due to concerns over political uncertainty, slow domestic economic recovery and the global economic slowdown.  

Is the answer a pro-military government that has wielded absolute power for more than four years to solve economic problems?

Sure. Let's goad your people into spending more on a scheme and raising their internal overall debt. What are these people thinking? But on or in another sense, let's push away repeat tourists and make it harder for the retirees to stay who actually in the small numbers probably help a lot to push a small piece of the sector of economy. 

On 5/12/2019 at 6:27 PM, webfact said:

their impacts on the market may be minimal largely because consumers have not regained confidence on the economy.

Hard to have confidence in the market when you don't have confidence in your government.