webfact Posted January 25 Share Posted January 25 The economic expansion of Thailand in the previous year and the anticipated growth in the current year have been labelled as underwhelming by the government, referencing a report from the Fiscal Policy Office (FPO). The assertion was made by Chai Wacharonke, the government spokesperson, through a Line chat group created for communication with reporters from the Government House. The FPO report, disclosed by Chai, indicated a meagre economic expansion of 1.8% in the previous year, with a projected growth of 2.8% for the current year. The Pheu Thai Party-led government, however, remains optimistic, with a pledge to stimulate the economy to achieve a targeted growth of 5% within the span of their four-year term. Despite recognizing the low growth figures, Prime Minister Srettha Thavisin, who also holds the Finance Minister role, initially cautioned that these figures were not yet official. The Finance Ministry, however, has since validated the 1.8% growth for the previous year. While PM Srettha chose not to engage in the debate on whether the economy is in crisis, he did assert that it’s in a poor state. He further added that the recent remarks by the Bank of Thailand governor, stating that the economy was not in crisis, were subjective. by Mitch Connor PHOTO: via Sarkari Pariksha Full story: The Thaiger 2024-01-25 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. Get our Daily Newsletter - Click HERE to subscribe 1 Link to comment Share on other sites More sharing options...
flyingtlger Posted January 25 Share Posted January 25 16 minutes ago, webfact said: The economic expansion of Thailand in the previous year and the anticipated growth in the current year have been labelled as underwhelming by the government Someone has a firm grasp of the obvious..... 1 1 Link to comment Share on other sites More sharing options...
Will B Good Posted January 25 Share Posted January 25 What would the Tories do (after 14 years of austerity and mismanagement) to have that kind of growth? .......but at least they've got immigration down to around 700,000 a year and Rwanda will only cost 1/2 billion (to send three Home Secretaries there). 1 Link to comment Share on other sites More sharing options...
bamnutsak Posted January 25 Share Posted January 25 I think the "government's" strategy, that is to say, the PM's strategy, is to cry wolf about an economy in crisis so he can get his digital wallet scheme enacted. Of course, as PM and Finance Minister, screaming about a bad economy reflects badly on him. He's two carrots short of a bunch. This poor sap is going to be shown the door soon and was only placed in his position to take the blame for all of the problems from the eight-year rule or Prayuth. 1 Link to comment Share on other sites More sharing options...
soalbundy Posted January 25 Share Posted January 25 Well the sun is warm the mango trees are flowering, bananas are hanging and the restaurants are full. I see no diminished traffic on the roads and the markets are bustling, nobody has to chose between using the electric or eating, so compared to the UK at least, Thailand is a land of well being. 1 Link to comment Share on other sites More sharing options...
hotchilli Posted January 25 Share Posted January 25 A very lackluster start to the government.. But I'm sure all the chosen MP's are benefiting form their positions. 1 1 Link to comment Share on other sites More sharing options...
Srikcir Posted January 25 Share Posted January 25 7 hours ago, webfact said: recent remarks by the Bank of Thailand governor, stating that the economy was not in crisis, were subjective. Facts are subjective relative to application and degree of error versus government political statements having no foundation other than hopes. 1 Link to comment Share on other sites More sharing options...
Blumpie Posted January 25 Share Posted January 25 Whats wrong, it's a tourist destination and its supposed to be full now. Oh lord say it isn't so!!! Who saw this coming? I know several blind stray dogs on a soi that saw it... Link to comment Share on other sites More sharing options...
stargrazer9889 Posted January 26 Share Posted January 26 The world economy is not in great shape. I do not see other countries glowing from their great economy either. IMO. Link to comment Share on other sites More sharing options...
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