Korn blasts fiscal policy

ECONOMY

Free-spending ways imperil future, he says

Published: 24 Jan 2013 at 00.00
Newspaper section: Business

Thailand has massive potential for future economic growth over the next two decades, but only if policymakers can maintain discipline in public spending, address corruption and fix imbalances in wealth distribution, says Korn Chatikavanij, a deputy leader of the opposition Democrat Party.

From left: former finance ministers Mr Korn and MR Pridiyathorn Devakula and the current one, Mr Kittiratt, in a rare public encounter at a seminar on Wednesday. PATTARACHAI PEECHAPANICH

Mr Korn, the finance minister under the Abhisit Vejjajiva government, said Thailand's economic growth could rise nearly five-fold in the next 20 years to 50 trillion baht, assuming average annual growth of 5% and inflation of 3%.

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jwatch
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Discussion 1 : 24 Jan 2013 at 08.581
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The Stock Exchange of Thailand index, now at 1,439 points, could reach 20,000 points assuming listed company performance continues to rise at around 15% per year, with Thai companies potentially taking over a number of foreign companies and expanding across the globe.

yeah....just look at California and their budget based on DOW 100,000 prediction to see where that got theml.
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Korn blasts fiscal policy | Bangkok Post: business