Thread: Thailand : Minister: Thai GDP expected to grow 2% in Q2

Minister: Thai GDP expected to grow 2% in Q2
Editor: Xiong Tong

BANGKOK, Aug. 21 (Xinhua) -- Thailand's gross domestic product (GDP) is estimated to grow 2 percent in the second quarter this year, Finance Minister Korn Chatikavanij said Friday.

The country's GDP for the first quarter contracted sharply 7.1 percent year on year.

However, in light of the country's economic stimulus package, the domestic economy is expected to continuously improve, the minister was quoted by Thai language news agency Krunthep Turakij as saying.

The government's second economic stimulus package, valued at 1.43 trillion baht (41.90 billion U.S. dollars), will be used to finance multi-investment projects from 2009 to 2012.

news.xinhuanet.com

Originally Posted by Mid

(GDP) is estimated to grow 2 percent in the second quarter this year, Finance Minister Korn Chatikavanij said Friday.

Honestly, you have to go a long way to find a man more stupid than this guy. How he got the job as finance minister is beyond me. An absolute buffoon.
Q2 will be at least -5%, anything less than that is a fooking lie

Tourist frequency in France has dropped 19% (it's the first destination in the world) and it's the #1 industry in France with 60 millions visitors a year,

so Thailand is not doing too bad actually all things considered, and they should recover quickly. Thai SET companies have already reported improved earnings in the different sectors, with property developpers still leading the way

Originally Posted by Spin

anything less than that is a fooking lie

Bound to come up Spin, Damn did you forget about those jumbo freighters coming in to haul all those exports away?