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Somkid confident GDP will pick up in the fourth quarter


Published Aug 23, 2019
By THE NATION

Deputy Prime Minister Somkid Jatusripitak is confident Thailand’s gross domestic product will pick up in the fourth quarter of this year, following the launch of Bt316 billion economic stimulus packages and the rice price guarantee scheme.

The Cabinet approved the stimulus packages at a meeting on Tuesday, while the National Rice Policy Committee on Wednesday approved a budget of Bt21 billion to guarantee the price of rice harvested in 2019 and 2020.

The deputy prime minister said the movement of interest rates is no more an indicator of the investment trend but it is the people’s confidence that will indicate the level of investment.

Original Source: https://www.nationthailand.com/business/30375193

Somkid
Created at 2019-08-25 21:50:08