BoT predicts improved economy for the second half of the year

BANGKOK: Thailand’s economic performance in the second half of the year is likely to improve steadily but slightly, said Ms Pornpen Sodsrichai, director of the Bank of Thailand’s office of macro economics, on Friday.

Economic situation for June has slightly slowed down compared to the situation a month ago as consumption of the private sector or public expenditure contracted slightly by 0.3 percent – an indication that purchasing power of the households of the agricultural and non-agricultural sectors remains weak.

Expansion of the income of the agricultural household sector dropped to 1.7 percent in June from 6.5 percent in May while tourism sector dropped 1.3 percent compared to the figure in May largely due to decline in tourists from Malaysia, Indonesia and the Middle East due to the fasting month of the Ramadan.

Exports with the exception of gold declined 1.4 percent compared to the May’s figures due to economic slowdown in importing countries.

Mrs Pornpen, however, attributed government sector’s spending and tourism sector for boosting the economy with inflation dropping slightly to 0.38 percent.

Full story: http://englishnews.thaipbs.or.th/bot-predicts-improved-economy-second-half-year/

-- Thai PBS 2016-07-30

Just about every measuring statistic quoted declines but the economy is on the up so says BoT.

The Bot are challenging the government as the Master Spinmeister.

I would expect no less from BOT they worry about attitude adjustments to much to tell the truth.

Somkid has already set the referendum as an excuse if things dip and the's always Brexit up their sleeve.

Somkid has already set the referendum as an excuse if things dip and the's always Brexit up their sleeve.

Also up the sleeve is "economic slowdown in importing countries" (as quoted above) and "the slowing of the global economy".

All these factors are beyond the control of Thailand whose economy would be booming if it were not for the rest of the world.

Somkid has already set the referendum as an excuse if things dip and the's always Brexit up their sleeve.

And then there's things like moon phases and too many people who don't trust the coup gov't without question...etc.

I wasn't really shocked to see that the news release failed to mention how the improvement would happen.

Just about every measuring statistic quoted declines but the economy is on the up so says BoT.

The Bot are challenging the government as the Master Spinmeister.

Indubitably so. And let's add:

- exports continue to contract

- Thai Industries Sentiment Index in June edged down

- trade value between Thailand and China is lower compared to the same period last year

- Customs tax revenue will fall short by six billions baht

- higher inflation

That's great, next time I need fortune telling services, I'll use BoT. They seem to be very reliable.

Just about every measuring statistic quoted declines but the economy is on the up so says BoT.

The Bot are challenging the government as the Master Spinmeister.

Be fair now the TAT lady deserves an honorable mention

Damn it's Christmas already?