'Economy crying for stimulus' - News Summed Up
'Economy crying for stimulus'

'Economy crying for stimulus'

November 16, 2023 13:54 UTC

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'Economy crying for stimulus'


(Photo: Somchai Poomlard)The government insists the economy is in a crisis and requires a stimulus package to prevent the situation from deteriorating and a recovery harder to mount. In a post that likened the country's economy to a bleeding patient, Dr Surapong said this year's GDP growth was likely to be below 2%, or lower than previous forecasts. Last year, the Finance Ministry's Fiscal Policy Office projected GDP growth this year would reach 3.85% before later revising the figure down to 2.7%. Dr Surapong said GDP growth corresponds to money supply growth. In July, excess liquidity was negative 858 billion baht and this hit 1 trillion baht in August.


Source: Bangkok Post November 16, 2023 13:54 UTC



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