Gov’t on right track for economic recovery: Spokesman

[Jonathan Fairfield]

 

BANGKOK (NNT) - A government spokesman has stressed the government is now on the right track in solving economic issues, with the measures introduced expected to help yield higher GDP growth this year.

 

The Government Spokesman Thanakorn Wangboonkongchana, announced that the government is now on the right track to solve economic issues, which has resulted in 2% growth overall in the first half of this year, and 7.5% growth in the second quarter, which is higher than other Asian countries such as Vietnam, Indonesia, and South Korea.

 

Foreign direct investment in Thailand continues to grow, with 43.8% growth reported year-on-year in Q1, 2021 from investments amounting to 4.012 billion US dollars, while overall employment is showing signs of an increase, with the latest unemployment rate now reduced to 1.9% of the workforce, a figure lower than the highest recorded last year at 2.1%.

 

The government now anticipates this year’s annual per-capita income to be 232,024 baht, appreciably higher than last year’s figure of 225,845.7 baht, and a reflection of ongoing economic recovery.

 

The government spokesman said government measures have played a large part in the country’s economic recovery, from compensation measures to stimulation measures on domestic purchases, as well as cost of living price cut measures on utilities and tuition fees.

 

The government has been assisting employers and workers affected by the pandemic, as well as providing financial assistance in terms of special loans and deferments to small businesses and the individuals.

 

With effective disease control measures and improved vaccination uptake, and the reopening of some tourism areas such as Phuket and Samui to international tourists, Mr Thanakorn said Thailand’s economy is expected to rebound in GDP growth this year, and continue to grow further over the next year.

 

-- © Copyright NNT 2021-09-19

 

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[Scrotobike]

"A government spokesman has stressed"

 

Another "spokesman" - why are these people's words given airspace? 

[ozzydon]

where do they get these spokemen from ? and what you expect and what you get are 2 different things  i think they have been on the good stuff

[Rampant Rabbit]

On the right track, you mean the one to China

[Will B Good]

1 hour ago, Jonathan Fairfield said:

 

With effective disease control measures and improved vaccination uptake,

Clever wording.

 

Avoided any claims of an effective vaccine roll out.

[tomacht8]

The government now anticipates this year’s annual per-capita income to be 232,024 baht. 

 

That's just a statistical average value that unfortunately doesn't say much. What the distribution looks like within the income pyramid would be much more telling.

 

According to Credit Suisse's Global Wealth Report 2018, the richest 1 percent in Thailand controlled almost 67 percent of the country's wealth. 

The bottom 50 percent of Thais had a meager 1.7 percent of the country's wealth.

 

Even before the outbreak of the coronavirus, Thailand was one of the most unequal societies in Southeast Asia.

 

If the Gov’t is on right track, is relative.

Edited September 19, 2021 by tomacht8

[poskat]

"The government now anticipates this year’s annual per-capita income to be 232,024 baht, appreciably higher than last year’s figure of 225,845.7 baht, and a reflection of ongoing economic recovery. "

 

that comes out to an approximately 520 baht per month/130 B per week increase

thats barely noticeable, let alone appreciable...

[Gottfrid]

2 hours ago, Jonathan Fairfield said:

The Government Spokesman Thanakorn Wangboonkongchana, announced

RUN!

[djayz]

I never believe figures I haven't fudged myself. 

[sammieuk1]

Wonder what the wrong track looks like to a government spokesman ????

[Khun Yogi]

Just saw a pig fly past !!!!

[PETERTHEEATER]

Presumably the face mask covers a brown nose........

[Burma Bill]

6 hours ago, Jonathan Fairfield said:

is now on the right track in solving economic issues,

Oh really? In my opinion currently more like this:-

 

Ref: https://www.nationthailand.com/news/30375050

 

 

 

Edited September 19, 2021 by Burma Bill
additional information

[hotchilli]

6 hours ago, Jonathan Fairfield said:

A government spokesman has stressed the government is now on the right track in solving economic issues, with the measures introduced expected to help yield higher GDP growth this year.

Looks like he's been hypnotised and reading from an auto-que.

[Golden Triangle]

1 hour ago, hotchilli said:

Looks like he's been hypnotised and reading from an auto-que.

He looks bored witless to me, if you look closely at his hands you can see him picking his nails out of boredom ????

[Will B Good]

4 minutes ago, Golden Triangle said:

He looks bored witless to me, if you look closely at his hands you can see him picking his nails out of boredom ????

I used to take something sharp to a lot of meeting.....particular with the Japanese where 'everyone' had to agree the action to be taken on each item on the agenda.