FPO: Economy up in December
- Published: 30/01/2012 at 03:21 PM
- Online news: News
The Thai economy has already risen above its lowest point, which followed the worst flood in 50 years, Fiscal Policy Office (FPO) director general Somchai Sujjapongse said Monday.
Mr Somchai said all economic figures for December showed improvement. Public consumption and value-added tax collection went up from negative to positive. Auto sales were less negative while exports and imports expanded well, he said.On economic stability, he said unemployment was low, the amount of reserves was high, and inflation was projected to decline.Economic growth should stand at negative five per cent in the fourth quarter of 2011 and 1.1 per cent for the entire year.This year's economy should grow at least five per cent year-on-year. The economy should grow two per cent in the first quarter, five per cent in the second and third quarters and seven per cent in the fourth, he said."The...
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- Writer: Online Reporters
- Position: Online Reporters
