Oh my Buddha… Here we have a serious case of schizophrenia or a serious case of utter incompetence from the thai press… Pick your choice.
Here are 2 “reports” published today (wednesday), at the same time.
Bank of Thailand (BoT) governor Tarisa Watanagase said the damage to the country’s economy this year will not be as serious as predicted.
The central bank, like the International Monetary Fund (IMF) and the World Bank, would revise the gross domestic product (GDP) growth more frequently this year due to the continual economic changes, she said on Wednesday.
Thailand would likely encounter substantial challenges during the remaining months of 2009, but they would be less severe than initially forecast.
“The BoT forecast is that GDP growth in 2009 will range from zero to two per cent, but more revisions will have to be made as other economic figures are changing frequently,” said Mrs Tarisa.
Bank of Thailand (BoT) Governor Tarisa Watanagase on Wednesday conceded the Thai economy would definitely contract this year, but whether it shrink by up to 3 per cent or not remains uncertain as the central bank needs to take into account economic figures both locally and overseas.
Voila. Just another perfectly normal day… 😉
You want the blue or the red pill ?
Now you tell me… I mean we know that Thailand some times seem like Wonderland. And we have surely a lot of rabbits and a lot of holes… But here… well…. I’m speechless.