Flooding has little impact on economic growth rate

By Thai PBS

 

 

BANGKOK: -- Impacts from the current and recent flooding in several parts of the country, especially in the Northeast, will not affect economic growth rate this year which is forecast to grow 3.6 percent, said Mr Krisda Jinavijarana, director of Fiscal Policy Office, over the weekend.

 

He attributed the minor impact to economic growth rate from flooding to the fact that flood water had receded quickly in most areas and that the government had stepped in quickly to help flood victims by introducing several programmes such as debt suspension, interest rate cut and 3,000 baht per head handouts for affected farmers and house repair expenses.

 

Mr Chiraphan Asavathanakul, president of the Non-Life Insurance Association, said the association was in the process of assessing damages to cars, houses and buildings and rice farmland which was insured for the 2516-17 crop year.

 

Full story: http://englishnews.thaipbs.or.th/flooding-has-little-impacts-on-economic-growth-rate/

 

-- © Copyright Thai PBS 2017-08-07

Yeah, right, and the moon is made of green cheese.

 

And what of the yet increased again household debts due to the unanticipated flood damages?

  Director of  fiscal policy office !! Yes another clown talking nonsense again.

Teflon Thailand,nothing affects it.

regards worgeordie

9 minutes ago, Father Fintan Stack said:

What they don't mention economic growth is less than half of every other country in the region including the Philippines. 

Because then they would lose all important Face, and they'd rather die than do that. 

 

 

How about tourism?

What is with the tourism?

3 minutes ago, DM07 said:

How about tourism?

What is with the tourism?

Trust me, the numbers they quote are hugely inflated.  Wife has a cousin who works at Swampy Immigration.  They could every person who set's foot in the airport, even if it is to change flights to a different plane, as a "tourist".  Ask the people who live in Phuket, Pattaya and the likes.  They will tell you the real truth.  

I live in Chiang Mai, and the number of tourists you can see in a day can be counted on both hands, with fingers left over.  

Things are NOT the way TAT and the government paints them to be. 

 

16 minutes ago, Just1Voice said:

Trust me, the numbers they quote are hugely inflated.  Wife has a cousin who works at Swampy Immigration.  They could every person who set's foot in the airport, even if it is to change flights to a different plane, as a "tourist".  Ask the people who live in Phuket, Pattaya and the likes.  They will tell you the real truth.  

I live in Chiang Mai, and the number of tourists you can see in a day can be counted on both hands, with fingers left over.  

Things are NOT the way TAT and the government paints them to be. 

 

So, I'm 6 tourists this year so far and by Dec' I'll be 10?????

1 hour ago, Just1Voice said:

Trust me, the numbers they quote are hugely inflated.  Wife has a cousin who works at Swampy Immigration.  They could every person who set's foot in the airport, even if it is to change flights to a different plane, as a "tourist".  Ask the people who live in Phuket, Pattaya and the likes.  They will tell you the real truth.  

I live in Chiang Mai, and the number of tourists you can see in a day can be counted on both hands, with fingers left over.  

Things are NOT the way TAT and the government paints them to be. 

 

Working in tourism myself!

I was just being sarcastic, because normally- whenever something catastrophic happens- you get a comment from Ms. Tourism & Sportsmisnister, that everything will be fine...

Not affected yet because the effects are not overnight.

God bless Thailand.

2 hours ago, DM07 said:

Working in tourism myself!

I was just being sarcastic, because normally- whenever something catastrophic happens- you get a comment from Ms. Tourism & Sportsmisnister, that everything will be fine...

I wait for her new TAT promotion strategies:

Explore a dozen of Thailand's provinces on a two week canoe tour. Discover shopping on a jet sky in shopping malls in the city center.

They are good here in most civilised countries it would take 3 to 4 months to get that information but this lot do in in hours.

 

just utter propaganda to make the place look better than it really is, they do it with everything. Must be the Hong Thong Theroie.

.....and if repeated often and loud enough, it becomes true and real.

Well, the headline reads wrong. What they mean is that the floods resulted in skyrocketing exports and the economy with at least a double digit percentage - upwards that is! 

Pathetic crap - extremely poor ghost writing! 

Because Sakhon Nakhon and Isaan is a backwater, a few thousand bankrupt and starving peasant farmers is of no consequence. And you expect us to maintain the Dams and Dykes?  Ha Ha Ha ....

I see a lot of flooded areas, and a lot of them are rice fields, , so we are  being told that this won't

affect any of the economy, Yeah Right!  Yes I am also waiting for the great lady of TAT to try say

that tourism will not be affected as well, because  the NE part of Thailand does not get much

tourists anyway. Get ready to see inflated numbers for tourists in the cities and else where in

the country.

Geezer

On Monday, August 07, 2017 at 9:32 AM, overherebc said:

So, I'm 6 tourists this year so far and by Dec' I'll be 10?????

Yes , exactly.

Bear in mind that duplicate entries could be edited in seconds so the figures are deliberately misreprented.

What we are given are simple headcounts , its quite possible that in a single year a  business traveller could be classified as a ' tourist ' many times over.