It’s only Christmas Day. Not April Fools’ Day. But we could wonder…
The economic sentiment and confidence in Thailand have begun to revive after the new government has been installed and is beginning to take action, according to the central bank.
Bank of Thailand (BoT) senior director for the domestic economy Amara Sripayak said the central bank continues to gather data on various segments of the economy to assess economic conditions in the fourth quarter of this year again because economic figures are so volatile.
However, many factors had begun to improve as could be witnessed by the lower interest rate, the oil price decline, and accelerated budget disbursements.
Given these factors, she said, domestic local economic performance might turn positive in the following period while the global economy would continue to slow.
Mrs. Amara viewed the budget disbursement would continue accelerating in a clearer manner.
Regarding export figures, the bank still needs more data from the Ministry of Commerce for consideration in due course.
She said the Fiscal Policy Office has projected that the economy in fourth quarter of this year would contract in comparison to the same quarter of 2007. (TNA)
They need “more data“. 😉 It’s really laughable.
And as usual, the wishful thinking… We have a new government (of very… high quality by the way), so it’s magic, confidence is back… It’s like a winning lottery ticket.
Sure oil could be soon cheaper than water… But many other indicators show that the thai’s economy is already suffering. And a contraction of GDP on Q4 seems already booked…