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webfact

Thai govt's stimulus measures boost economic growth by 3%

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29 minutes ago, webfact said:

forecast that the second phase of this campaign will help the Thai economy expand by 3% this year.

With the Baht being a prestige thing they are very very reluctant to do anything about, the economy might just shrink 3%. But what a hell, its only for them to deny everything as usual.

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Give 1000 Baht to poor people, great support until the money is spend, then NO interest anymore, and now the money are spend, so what, and how should that boost the Thai Economy? Get a National Economist employed. One that know a little bit about Thai Economy.

 

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A "forecast" that it will "help"....as in not yet happened maybe never will !

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5 minutes ago, bkk6060 said:

The people get the money and spend it on goods, services, etc. thus returning the funds helping the overall economy.  

Spending helps the economy.

A basic economic principal..

And then people who get the money, spend it again at the other place. Then the other place spend it the other place again. And again. And again.........ๆ everyone happy. 

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But still just another free hand out 

I have been waiting for the government to do this after the so called election. 

They should have done it just after the election to say thank you

5555 555

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2 hours ago, johng said:

A "forecast" that it will "help"....as in not yet happened maybe never will !

Wishful thinking, or the usual making up of fake numbers??

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1 hour ago, Yinn said:

And then people who get the money, spend it again at the other place. Then the other place spend it the other place again. And again. And again.........ๆ everyone happy. 

Considering that, according to recent news items, people spent most of it in supermarkets and malls, wait for the downturn later on as people didn't buy anything 'extra', but just 'earlier'...

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