Finance Min confirms economic revival in May

BANGKOK, 27 June 2014 (NNT) – The Fiscal Policy Office (FPO) under the Ministry of Finance has reported an improvement in the overall economy in May as the easing political tension has allowed for growth in public spending and private investment.

FPO Director Somchai Sujjapongse indicated that the Thai economy in May showed signs of recovery, thanks to the brighter political prospects. In line with the consumer confidence index of 60.7, the first increase in 14 months, domestic consumption expanded 0.1 percent and, in turn, helped push up revenue from value-added tax collections.

As confidence was being restored, private investment in May also improved from the month before, especially in the construction sector. Meanwhile, public spending picked up the pace and more funds were disbursed to various projects after the political crisis had passed.

Despite a decline in exports and the increasing inflationary pressure, Mr Somchai affirmed that the stability of the Thai economy would remain strong. He viewed the month of May as a transitional period, after which the economy would be able to move forward in full force.


-- NNT 2014-06-27

Thais are oblivious to the world economy.

Everything will be positive from now on. I cannot wait!

Everything will be positive from now on. I cannot wait!

Oh No, does this mean we can expect a raft of statements from TAT each more " positive ', read ridiculous, than the last ?

War is peace. Freedom is slavery. Ignorance is strength.

Why I am not surprised?

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Mr Somchai affirmed that the stability of the Thai economy would remain strong.

Ok, if Somchai says so....Somchai knows best...just ask him.

1 month does not a trend make!

Teflon Thailand

War is peace. Freedom is slavery. Ignorance is strength.

Whaaow .. that's deep dude!

Please stop the good news. The parrot might not be able to take it anymore.

Awesome. The eight months of damage done by Suthep and his mob to the country was reversed in the seven days remaining in the month after the coup. l can't wait to see TAT proclaim a 1S% year-on-year increase in tourism and for Somchai or some other "all to eager to please" civil servant start foreecasg full year GDP growth of 3-5%. The lies continue. Same dog, different hair. Truly Miracle Thailand.

Has TAT now been given control of Ministry of Finance then ?