Thailand is ready to add more stimulus if needed - finance minister

[snoop1130 11,897]

Thailand is ready to add more stimulus if needed - finance minister

 

Cars pass a Skytrain (Bangkok Mass Transit System) construction site in Bangkok, Thailand May 13, 2018. REUTERS/Soe Zeya Tun

 

BANGKOK (Reuters) - Thailand is ready to introduce additional measures to support Southeast Asia's second-largest economy if needed, as there remains high uncertainty next year, its finance minister said on Thursday.

 

Uttama Savanayana said he was confident that the government can handle the economy in the short term by working with relevant agencies.

 

"If necessary, we are ready to introduce additional measures as appropriate. We won't be slow definitely," he said.

 

The finance ministry has forecast economic growth of 2.8% this year, slowing from last year's 4.1%.

 

-- © Copyright Reuters 2019-11-14

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[DLock 7,096]

Its needed. Please send more money.

[PatOngo 44,574]

I just love a stimulus package, really stimulates me! With so many to choose from, we're spoiled for choice!

[shadowofacloud 1,161]

So, growth is down ~30%, THB is skyrocketing, industry seems to be heaving, tourism will likely be hard hit, despite the hyperoptymistic propaganda from TAT...

 

I think we will see a bit of volatility next year, with THB most likely strontgly depreciating, which lots of people would welcome.

[trainman34014 15,145]

I'm sure the poor will appreciate more 1,000 Baht handouts !

[martinhp 100]

They don't want to do that lower the taxes

control landowners from over priced rent and built big hotels all over 

No more new development in the tourist city's 

This is a bigger problem than anything else higher rent but in the end it's a mistake made before in Europe 

and stop keymoney 

And stop the police in ripping off tourist 

And set a maximum price on rooms according to area 

And finally stop all the closing time and Buddha days in tourist destination 

 

[Srikcir 14,647]

18 hours ago, snoop1130 said:

The finance ministry has forecast economic growth of 2.8% this year, slowing from last year's 4.1%.

 

But BOT Deputy Governor recently caveated these projections:

The central bank will review its 2019 and 2020 economic growth forecasts - currently at 2.8% and 3.3%, respectively - at its next monetary policy meeting on Dec. 18.

"They will likely come down, but by how much will depend on latest economic data at that time,"

Looking at GDP growth rate YOY since 2018 it's likely 2018 will be lower than 2.8%YOY.

https://forum.thaivisa.com/topic/1133865-thailand%C2%A0central-bank-to-lower-growth-outlook-still-has-scope-to-support-economy/?utm_source=newsletter-20191114-0607&utm_medium=email&utm_campaign=news