Time for some entertainment.
Thailand’s gross domestic product is revised up to 5.6 per cent, from 4.5 per cent, due to anticipated increases in consumption and investment, said Fiscal Policy Office’s Director-General Pannee Sathavarodom.
She said that while the private consumption growth this year would be 4 per cent, against 1.4 per cent in the past year, investment growth rate should be 9.7 per cent against 0.5 per cent last year.
“This is a balanced economic growth, as Thailand would not rely solely on exports,” she said. (Nation)
Sure it’s a “balanced economic growth“… but on what bases ? Wishful thinking !
How on earth she can expect that private consumption would grow by 4 % against 1,4 last year ? And what about investments ? + 9,7 % against +0,5 % in 2007. I mean why not 15 ? Or even + 28 % ? !
It’s ridiculous.
Inflation explodes, the US are trying to cope with a mega large financial crisis, the dollar is falling… but Miss Pannee is confident. Good for her.
[my post about GDP datas for 2007 and the charts, here]
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