페이지 정보작성자 까마 (121.♡.84.12) 댓글 0건 조회 39회 작성일 20-11-24 14:07
[THAILAND ECONOMIC NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important THAILAND economic news to share with you which is as mention under.
BANGKOK: Thailand’s economy is expected to grow 4 percent in 2021 after a slump this year
and fiscal policy will support a tourism-reliant economy struggling from the impacts of the
coronavirus pandemic, the finance minister said on Monday.
Southeast Asia’s second-largest economy shrank a less than expected 6.4 percent in the third
quarter from a year earlier after falling 12.1 percent in the previous three months.
The economy had bottomed but recovery was not fast as the battered tourism sector, which
accounts for about 12 percent of gross domestic product (GDP), has also hurt supply chains,
Finance minister Arkhom Termpittayapaisith said.
“Without the COVID, our economy could have expanded 3 percent this year, he said. “As we
expect a 6 percent contraction this year, there is the output gap of 9 percent,” he told a
“Next year, we expect 4 percent growth, which is still not 100 percent yet,” Arkhom said,
adding it could take until 2022 to return to pre-pandemic levels.
There is still fiscal policy room to help growth from this year’s fiscal budget and some from
rehabilitation spending, he said.
The budget for the next fiscal year will still focus on boosting domestic activity, Arkhom said,
and the current public debt of 49 percent of GDP was manageable.
Of the government’s 1 trillion baht ($33 billion) borrowing plan, 400 billion would be for
economic revival, of which about 120 billion-130 billion has been approved, Arkhom said.
He wants the Bank of Thailand to take more action short term on the baht, which continued
to rise on Monday, despite central bank measures announced on Friday to rein in the currency
“They have done that and they have their measures... which should be introduced gradually
and more intensely,” Arkhom said.
Read more at: https://www.arabnews.com/node/1767151/business-economy
Have a nice day
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