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Growth rate projected to grow 0.01 to 3.5% this year


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Growth rate projected to grow 0.01 to 3.5% this year

By Thai PBS

 

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The Monetary Policy Committee (MPC) has adjusted up its projection of economic growth rate for this year by 0.01 to  3.5 % from 3.4% and unanimously agreed to maintain policy rate at 1.5%, said Jaturong Jantarangs, secretary of the committee, on Wednesday (July 5).

 

He said monetary situation in general was continuously relieved and conducive to economic expansion with clear tendency of economic growth resulting from export growth and recovery in tourism industry.

 

The MPC also adjusted up projection of economic growth rate for the year 2018 from 3.6 to 3.7%.

 

Full story: http://englishnews.thaipbs.or.th/growth-rate-projected-grow-0-01-3-5-year/

 
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-- © Copyright Thai PBS 2017-07-06
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1 hour ago, webfact said:

The Monetary Policy Committee (MPC) has adjusted up its projection of economic growth rate for this year by 0.01 to  3.5 % from 3.4%

WOW! A growth rate increase of 0.01% the headline screams..

But wait. Isn't a growth from 3.4% to 3.5% a growth rate increase of 0.1%. Or is this financial wizard really meaning an increase to 3.41%? Who would really know?

Statistics and basic arithmetic does not seem to be this government's strong point. Poetry gets a low score also.

Edited by Cadbury
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