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Thai economy seen growing 4% next year on improving consumption - Finance Minister


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Thai economy seen growing 4% next year on improving consumption - Finance Minister

 

2020-11-23T090059Z_1_LYNXMPEGAM0EF_RTROPTP_4_BRITAIN-RETAIL-MONKEY-LABOUR-THAILAND.JPG

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.

 

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-- © Copyright Reuters 2020-11-23
 
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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.

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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.

 

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