PM: Govt to balance growth, inflation

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PM: Govt to balance growth, inflation

Published: 31 May 2012 at 15.37
Online news: Local News

The government is determined to maintain a proper balance between growth through economic stimulation and inflation, especially when the global economy is so fragile, Prime Minister Yingluck Shinawatra said on Thursday.

Ms Yingluck appeared on CNBC Power Breakfast, hosted by CNBC TV, at the Shangri La hotel in Bangkok. The broadcast was part of the station's coverage of the World Economic Forum on East Asia in Bangkok.

She was accompanied by Finance Minister Kittiratt Na-Ranong and Foreign Minister Surapong Tovichakchaikul.

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jrj
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Discussion 6 : 01 Jun 2012 at 21.346
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never heard of inflation simulated growth...
But okay, maybe its a specialty at University of Kentucky
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Ian Wensor
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Discussion 5 : 01 Jun 2012 at 11.165
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Inflation's the result of governments printing and or valuing money more than its true worth therefore Yingluck's bound to stuff the economy one way or another... if she hasn't yet done so.
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spiceman
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Discussion 4 : 01 Jun 2012 at 03.584
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Khun BKPoster #3, economic growth means rising purchasing power for an average individual (per-capita income). It has nothing to do with inflation at all. Inflation simply means there is too many Bahts chasing too fewer goods and services. It inhibits growth because it takes away certainty through predictability of what prices will be tomorrow, next week, next month, or even next year. And with that, it is difficult to plan your production, sale or even your life around it, as your costs and prices keep rising. Consumers will be better off by keeping as little money as possible, by changing it into stuffs they think they will need in the future, or gold for security. It will discourage saving and drive up interest rate. And with increasing uncertainty, there will be less saving, which, in turn, means less investment, and employment, resulting in recession. That's why only banana republic-type countries are foolish enough to flirt with inflation and always with disastrous result.
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bkposter
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Discussion 3 : 31 May 2012 at 17.563
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RE: D1 If the growth is only the result of inflation then the growth does not really exist. But it is possible to have growth without inflation...But as you say if their is too much growth, putting a burden on resources and labor then it can cause high inflation...I think now that oil prices are falling and the minimum labor rate is frozen, and the flooding caused inflation is abating inflation can be somewhat contained. What is the most worrisome is spurring growth if the EU continues to go around and around the drain. That could have a big effect on everything from the world economy to the tourist economy to the direct exports to EU economy...
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drsmith
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Discussion 2 : 31 May 2012 at 17.492
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Economic stimulus from foreign investment while corruption is draining the coffers faster than the country can earn money to replace it. Remove the Japanese car exports from the bottom line and show us which areas Thailand is growing economically? As far back as I can remember, every government claims the economy is growing each and every month. If that was true over the last 10 years Thailand should have had massive growth. Aside of the new airport fiasco, I see nothing new the past 10 years except increasing national debt. If the economy is growing every month, why does the national debt continue to soar?
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spiceman
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Discussion 1 : 31 May 2012 at 17.111
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Getting rid of high inflation and economic growth are two conflicting goals. History dictates that unless, inflation is brought back to normal first, there won't be any economic growth at all.
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PM: Govt to balance growth, inflation | Bangkok Post: news