webfact Posted October 15, 2019 Share Posted October 15, 2019 Government’s stimulus measures boost economic growth by 3% BANGKOK (NNT) - The government’s Chim Shop Chai (Taste, Shop, Use) campaign has helped boost domestic spending. The Center for Economic and Business Forecasting of the University of the Thai Chamber of Commerce (UTCC) has forecast that the second phase of this campaign will help the Thai economy expand by 3% this year. The Director of the Center for Economic and Business Forecasting, Asst. Prof. Dr. Thanavath Phonvichai, said today that business representatives surveyed by the Thai Chamber of Commerce (TCC) remained concerned about the trade war between China and the US, as it had slowed global economic growth, while Thai exports in August contracted 4%. The business representatives were also concerned with a series of mass protests in Hong Kong. In addition, prices of agricultural products remain low due to the flooding in northeastern Thailand, and farmers had less spending power. The TCC confidence index fell to 46.2 points in September, the ninth consecutive month of contraction. The future confidence index also fell to 48.1 points last month. However, the Thai economy is being supported by several positive factors. One of them is the government’s Chim Shop Chai economic stimulus measure, which has won overwhelming public interest. If the second phase is implemented as expected, the Thai economy will continue to improve. When the national budget is passed by the House of Representatives, budget disbursement should be undertaken immediately to help drive the country’s economic growth. Speaking of the monetary policy, a measure to stabilize the baht’s value should be implemented to support Thai exports and tourism in the fourth quarter. With these contributing factors, the Thai economy should grow by 2.8 to 3.0% this year. -- © Copyright NNT 2019-10-15 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
madmitch Posted October 15, 2019 Share Posted October 15, 2019 So the Government gives people free money to spend and they spend it. How the hell can that be seen as boosting the economy? Link to comment Share on other sites More sharing options...
RotBenz8888 Posted October 15, 2019 Share Posted October 15, 2019 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. Link to comment Share on other sites More sharing options...
Snuller21 Posted October 15, 2019 Share Posted October 15, 2019 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. Link to comment Share on other sites More sharing options...
johng Posted October 15, 2019 Share Posted October 15, 2019 A "forecast" that it will "help"....as in not yet happened maybe never will ! Link to comment Share on other sites More sharing options...
RichardColeman Posted October 15, 2019 Share Posted October 15, 2019 1 hour ago, webfact said: With these contributing factors, the Thai economy should grow by 2.8 to 3.0% this year. If Thailand grows at 3% with falling tourists and no exports and a military junta, then the Thai financial advisers should be employed by ALL countries in the world. Link to comment Share on other sites More sharing options...
seajae Posted October 15, 2019 Share Posted October 15, 2019 and can we actually believe this 3% figure or is it a another face saving one once again like all the other figures they make up when things are going down the gurgler Link to comment Share on other sites More sharing options...
bkk6060 Posted October 15, 2019 Share Posted October 15, 2019 1 hour ago, madmitch said: So the Government gives people free money to spend and they spend it. How the hell can that be seen as boosting the economy? 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.. Link to comment Share on other sites More sharing options...
Yinn Posted October 15, 2019 Share Posted October 15, 2019 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. Link to comment Share on other sites More sharing options...
kirbi53 Posted October 15, 2019 Share Posted October 15, 2019 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 Link to comment Share on other sites More sharing options...
Cadbury Posted October 15, 2019 Share Posted October 15, 2019 While all other economic indicators fall around them these morons think that some nutty professor type harebrained scheme of "eat, shop and spend" is going to save the economy. Delusional fools! Link to comment Share on other sites More sharing options...
trainman34014 Posted October 15, 2019 Share Posted October 15, 2019 More numbers pulled from the <deleted> Bin ! Link to comment Share on other sites More sharing options...
inactiveposter Posted October 15, 2019 Share Posted October 15, 2019 Wow, 3% increase, maybe they can buy some more new toys. Link to comment Share on other sites More sharing options...
StayinThailand2much Posted October 15, 2019 Share Posted October 15, 2019 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?? Link to comment Share on other sites More sharing options...
StayinThailand2much Posted October 15, 2019 Share Posted October 15, 2019 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'... Link to comment Share on other sites More sharing options...
BuckBee Posted October 15, 2019 Share Posted October 15, 2019 when you got give your own civilians money to spend into the economy you must know in reality there is no real growth lol . Last 5yrs has put a massive downturn on tourism and business/exports . without massive change on baht, export and real needed projects like water management they going sink further ... Link to comment Share on other sites More sharing options...
BobbyL Posted October 15, 2019 Share Posted October 15, 2019 The source of this post tells you everything you need to know. A North Korea - esque press release. Link to comment Share on other sites More sharing options...
legend49 Posted October 15, 2019 Share Posted October 15, 2019 13 hours ago, seajae said: and can we actually believe this 3% figure or is it a another face saving one once again like all the other figures they make up when things are going down the gurgler TAT rebadged ? Link to comment Share on other sites More sharing options...
30la Posted October 16, 2019 Share Posted October 16, 2019 16 hours ago, webfact said: will help the Thai economy expand by 3% this year. Dreamers!!! Link to comment Share on other sites More sharing options...
hotchilli Posted October 16, 2019 Share Posted October 16, 2019 19 hours ago, webfact said: The Center for Economic and Business Forecasting of the University of the Thai Chamber of Commerce (UTCC) has forecast that the second phase of this campaign will help the Thai economy expand by 3% this year Link to comment Share on other sites More sharing options...
brain150 Posted October 16, 2019 Share Posted October 16, 2019 It is called propaganda <deleted> !!! They are obviously pretty desperate ???? Link to comment Share on other sites More sharing options...
jvs Posted October 16, 2019 Share Posted October 16, 2019 The people who are supposed to get this money(the poor)are not getting any of it. It is given to people who have cars and houses already,they can drive to the place where they (have)to spend their money. Poor people do not even have bank accounts,let alone the wheels to drive them to shopping malls. I see it as a plan to push more money in one direction. How do you see this Asian person? Link to comment Share on other sites More sharing options...
FarFlungFalang Posted October 16, 2019 Share Posted October 16, 2019 Thai govt's stimulus measures boost economic growth by 3% What's with the fake headline I hope we're not stooping so low as to put up BS headlines just for click bait as nowhere in the article does it mention the economy having been boosted by 3% due to econonomic stimulus. Link to comment Share on other sites More sharing options...
Cake Monster Posted October 16, 2019 Share Posted October 16, 2019 This has to be the most productive and fastest acting "Stimulus Package "ever put forward by ANY Government in the World. Not only has the scheme been running just about a Month, but already figures have been collected, correlated and published as to the schemes affect on the Economy. Really Amazing Thailand Link to comment Share on other sites More sharing options...
FarFlungFalang Posted October 16, 2019 Share Posted October 16, 2019 25 minutes ago, Cake Monster said: This has to be the most productive and fastest acting "Stimulus Package "ever put forward by ANY Government in the World. Not only has the scheme been running just about a Month, but already figures have been collected, correlated and published as to the schemes affect on the Economy. Really Amazing Thailand They only started admitting the economy might be having problems 2 weeks ago,and now it's all fixed. Link to comment Share on other sites More sharing options...
Srikcir Posted October 17, 2019 Share Posted October 17, 2019 Government stimulus packages are not free money. It doesn't come from wealthy foreign nations investing in Thailand because of substantial tax benefits. It doesn't come from Thailand's wealthy persons nor large corporations. It comes from the Thai middle-class who themselves are struggling in a faltering economy. These "handouts" to the low-income class just perpetuates their dependence on a gratuitous government that in effect reinforces social inequality. Know your place and loyalty if you want more. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.