Economic outlook bright in 2010, but stimulus package is still indispensable

According to International Monetary Fund (IMF)’s figures, the Asian recovery started in February this year, six months ahead of the US recovery. Bank of Thailand governor Tarisa Wattanaket yesterday also indicated that the Thai economy had bottomed out in the second quarter. Most of the policy responses to the crisis are directed to the short-term need to shore up the economy in the face of the economic contraction. Fiscal injections are expected to generate greater domestic consumption that will ease the pain of domestic producers and consumers. Not much attention has been paid to how to make the fiscal injections sustainable. Even less thought has been given to what might a new “rebalanced growth path” for the country look like and how it can be achieved.

Thailand economy grew 1.3% in third quarter

Thailand’s economy has grown for a second straight quarter, boosted by a…

Thailand’s economy in the fourth quarter to be positive

Thailand’s economy in the fourth quarter of this year will turn positive, according to Prime Minister Abhisit Vejjajiva.

Thailand to reconsider huge borrowing plan if economy continues to pick up

The Thai government will reconsider if it still needs to borrow a…

Thai economy set to register positive growth in the fourth quarter

BANGKOK, Nov 14 (TNA) The Thai economy is set to register positive growth in the fourth quarter this year given a marked increase in revenue earned from exports, according to Permanent Secretary for …

UN talks focus on ICTs as stimulus to economic growth in Asia-Pacific region

The United Nations is exploring how information and communication technologies (ICTs) can lead the way in Asia and the Pacific achieving greater economic growth, stronger development and help in combating climate change.

Thai economy grows 2.3-2.5% in third quarter: Bank of Thailand

BANGKOK, Oct 30 (TNA) The Thai economic growth in the third quarter expanded 2.3-2.5 per cent, compared to the second quarter but contracted 3.1-3.3 per cent year-on-year, according to a senior offic…

Thailand’s Economic Projections for 2009 and 2010

The Fiscal Policy Office (FPO) at the Ministry of Finance has recently announced its forecast that the Thai economy for 2009 will contract at -3.0 percent, as a result of the global economic crisis that adversely affected the export volume of goods and services.