webfact Posted December 11, 2019 Share Posted December 11, 2019 Economy to pick up on state enterprises' investment By THE NATION State enterprises' investment of around Bt100 billion in the current quarter will spur the local economy, said Finance Minister Uttama Savanayana yesterday (December 11) at an event hosted by Thansettakit newspaper. He said that the Thai economy would not enter into a recession and could continue its growth momentum. The ministry has forecast a 3-per cent growth next year. He added that state enterprises had been told to accelerate budget spending in the last quarter. If needed be, the government is ready to introduce additional stimulus packages next year, he said. The Prayut Chan-o-cha administration has launched stimulus packages for many sectors, from real estate to tourism. He said the key factor in boosting the economy was to raise the confidence of consumers and investors. In a related matter, S&P Global Ratings on December 11 revised its outlook on Thailand's sovereign credit rating to positive from stable. At the same time, it affirmed its 'BBB+' long-term and 'A-2' short-term foreign currency sovereign credit ratings, and its 'A-' long-term and 'A-2' short-term local currency ratings on Thailand. Source: https://www.nationthailand.com/business/30379320 -- © Copyright The Nation Thailand 2019-12-12 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
Chazar Posted December 11, 2019 Share Posted December 11, 2019 Hmmmmm , looks like he's sweating profusely to me? Link to comment Share on other sites More sharing options...
mok199 Posted December 11, 2019 Share Posted December 11, 2019 ''Tough crowd''..... Link to comment Share on other sites More sharing options...
neeray Posted December 11, 2019 Share Posted December 11, 2019 Wishful thinking (3% growth). Link to comment Share on other sites More sharing options...
DrTuner Posted December 12, 2019 Share Posted December 12, 2019 Nothing like good ol' state investment when all the projects have been awarded to you and your buddies. Stimulating! Link to comment Share on other sites More sharing options...
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