Plan in place to lift average growth rate

Published: 23 Jan 2013 at 00.00
Newspaper section: Business

A national development strategic plan has been conducted to accelerate Thailand's economic growth by at least 1.5 percentage points a year from the 4.5% average, said Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong.

The country's gross domestic product averaged 4.5% in the past decade. Without a strategic plan to support development, growth will be stuck at this level, Mr Kittiratt said.

Speaking at the government's seminar on the country strategic plan and fiscal expenditure in 2014, the deputy prime minister said the 2-trillion-baht investment would be spent during 2013-2020 to develop infrastructure.

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boons
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Discussion 1 : 23 Jan 2013 at 06.051
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A "plan" to lift the growth rate? My god, this isn't rocket science. Any central bank can juice the economy. The temptations to do so are obvious. After all, the banking sector will grow exceedingly wealthy. And industry will grow handsomely. Of course it ends badly, as Greece and Spain and Italy and France now know. But who cares when there' s profit to be had in the near term?

Then again, when you're scheming to make yourselves rich, it's better to couch the whole thing as "lifting the growth rate". Ah yes, a noble plan indeed Mr Kittiratt.
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Plan in place to lift average growth rate | Bangkok Post: business