UTCC: Economic pickup likely to begin late this year

BANGKOK, 11 October 2015 (NNT) - The Center for Economic and Business Forecasting of the University of the Thai Chamber of Commerce (UTCC) has predicted that an economic upturn would be noticeable late this year.

Thanawan Polvichai, Director of the Centre for Economic and Business Forecasting said the economic recovery was attributed to the government’s economic stimulus measures such as the allocation of a five million baht fund to each district, the support for small-scale investments and the tourism promotion campaigns. These schemes are expected to generate 50-70 billion baht in circulation between October and November.

As for the 13-21 October vegan festival, the center estimated that spending during this period would rise slightly by 2.9 percent as the public were more careful with their money. The festival would create 41 billion baht in circulation.

Meanwhile, foreign countries are likely to experience an economic slowdown despite their ongoing economic stimulus measures except the USA. The International Monetary Fund and the World Bank predicted that the global economic growth would drop below their estimate.

-- NNT 2015-10-11

Once they lay eyes on the tourism promotions, to kick the economic blues the good foreign folk are going to take a holiday to Thailand.

I'm on my way !

"An economic upturn" in Thailand - meanwhile, an "economic slowdown" in "foreign countries"...................

A combination of wishful thinking, forecasting claptrap and just plain old nationalistic cobblers.

Is this the prediction based on anything but wishful thinking,

What about the thousands of people losing their jobs as a lay off in Thailand at the moment? I don't see how this can be an economic pick up for the simple folk.

They have been consulting the fortune teller, again!

Everyday another happy, happy forecast but this is a land of make believe.

The hub or hope and wishful predictions. I predict their wishes will be hoplessly wrong.

In the well-known quote (often attributed to Mark Twain), "There are three kinds of lies: lies, damned lies, and statistics."

Whilst Mark Twain never managed to visit Thailand, had he have done so, he may well have modified this quote to just “lies, and damned lies”. Especially if he were to have seen the reporting coming from the National News Bureau of Thailand! As a newspaper correspondent himself, I’m sure he would have been horrified by the quality of NNT articles.

Even if you put the “Statistics” back in, the NNT repeatedly demonstrates an amazing consistency in providing erroneous propaganda that is nothing more than sugar-coated nonsense and outright misinformation.

If you want to argue they are just the mouthpiece for the Government Public Relations Department, that still does not excuse what is nothing more than the deliberate deception of the citizens of Thailand by their government, through NNT.

It will be very interesting to see how they report the situation should the worsening drought achieve the full impact predicted by foreign observers. Similarly, how will they continue to present the deteriorating relationship between the EU and Thailand over human rights and fishing violations?

Some insight may come from how NNT prosaically reported the purchase of submarines (without any argument for the reason or its impact):

http://thainews.prd.go.th/website_en/news/news_detail/WNPOL5807300010003

http://thainews.prd.go.th/website_en/news/news_detail/WNPOL5810070010001

Economic pickup.... Does Toyota make that?

They should really open a comedy club for these people to work in.

It already is "late this year"!..............but have to try to keep the masses impressed!

Thailand the hub for vegan exhibitions to reinvigorate the economy. This is just getting surreal now bordering on absurdity.

A post about the TPP has been removed as well as a reply. As it is blocked on Thai servers, perhaps it is not appropriate to post it here anyway.

Is this the prediction based on anything but wishful thinking,

Just another rendition of the old pigs will fly story.

What about the thousands of people losing their jobs as a lay off in Thailand at the moment? I don't see how this can be an economic pick up for the simple folk.

nobody is talking about the simple folk,they are collateral damage. this isn't the ''Archers'

A post in violation of fair use policy has been removed. If you cannot provide a supporting link, don't bother posting.

I hear that next year the economic will pick up for the last 10 years in Europe.

So the Thai government is very international in their lying.

Oink flap, oink flap!

Edited October 12, 201510 yr by JAG

And the tooth fairy is real

They are making one very mistake and that can only be rectified by answering the following question; Where is Tinkerbell and Peter Pan?