snoop1130 Posted November 23, 2020 Share Posted November 23, 2020 Thai economy seen growing 4% next year on improving consumption - Finance Minister FILE PHOTO: A woman shops coconut products at a supermarket in Bangkok, Thailand, July 6, 2020. REUTERS/Athit Perawongmetha BANGKOK (Reuters) - Thailand's economy is expected to grow 4% in 2021 after a 6% contraction projected for this year, due to improving domestic consumption, the finance minister said on Monday. Fiscal policy should provide more support for the tourism-reliant economy and the budget for the next fiscal year will focus on boosting domestic activity, Finance minister Arkhom Termpittayapaisith told a business forum. -- © Copyright Reuters 2020-11-23 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates 1 Link to comment Share on other sites More sharing options...
Popular Post Mavideol Posted November 23, 2020 Popular Post Share Posted November 23, 2020 8 minutes ago, snoop1130 said: Thailand's economy is expected to grow 4% in 2021 after a 6% contraction projected for this year, that means they still in the Red (contraction) by 2% , nothing to brag about then 2 1 2 Link to comment Share on other sites More sharing options...
ThailandRyan Posted November 23, 2020 Share Posted November 23, 2020 Not only will the consumption be growing with the assistance of the governments 150 baht per day handout to a max of 3000 baht, but so will the waistlines.....yes sarcasm. 1 1 Link to comment Share on other sites More sharing options...
Popular Post Sydebolle Posted November 24, 2020 Popular Post Share Posted November 24, 2020 .... and where exactly should the money come to support this assumption? I see a rather bleak 2021, 2022 and 2023 - that's my crystal ball speaking to me, me thinks! 2 1 Link to comment Share on other sites More sharing options...
Popular Post Isaan sailor Posted November 24, 2020 Popular Post Share Posted November 24, 2020 You can’t spend what you don’t have—unless you use a credit card or mortgage your property. 3 Link to comment Share on other sites More sharing options...
berrec Posted November 24, 2020 Share Posted November 24, 2020 Not according to Trading Economics Forecasts, try about 1.5% in 2021. https://tradingeconomics.com/thailand/gdp-growth Link to comment Share on other sites More sharing options...
Skeptic7 Posted November 24, 2020 Share Posted November 24, 2020 .4% (point-4%) seems more likely, but the place never has been much on accuracy...or honesty. 2 Link to comment Share on other sites More sharing options...
Justgrazing Posted November 24, 2020 Share Posted November 24, 2020 On 11/23/2020 at 10:24 AM, snoop1130 said: , due to improving domestic consumption Consumption .! Isn't that an olde worlde ailment that went out with rickets .. 1 Link to comment Share on other sites More sharing options...
laocowboy2 Posted November 24, 2020 Share Posted November 24, 2020 On 11/23/2020 at 12:34 PM, Mavideol said: that means they still in the Red (contraction) by 2% , nothing to brag about then Being pedantic, actually worse than that - works out as a 2.24% fall from the original baseline. 1 Link to comment Share on other sites More sharing options...
sanuk711 Posted November 24, 2020 Share Posted November 24, 2020 On 11/23/2020 at 5:34 PM, Mavideol said: that means they still in the Red (contraction) by 2% , nothing to brag about then 2% contraction makes this a better forecast than--: America--Australia -- Britain. Or any other E.U country.. But it is just that...a Forecast. Thailand has not always been correct in its forecasts. 1 Link to comment Share on other sites More sharing options...
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