BANGKOK: Thai deputy prime minister Pridiyathorn Devakula has said that economy has reacted so favourably to the initial injection of funds primarily to rubber and rice farmers . Thai Economy Loses $12 billion in 2014. What’s Ahead for 2015? that additional economic stimulus measures would not be necessary.
A little more than three weeks after proclaiming that a second round of economic stimulus measures was unnecessary Thailand’s military-led junta has been forced to introduce additional economy stoking measures in the wake of disastrous January financial figures and an announcement by GM that it will be scaling back production at its Rayong factory as part of a global company realignment.
However, after reporting 2.3 per cent growth in the final quarter of 2014 to record an annual 2014 Thailand GDP growth of 0.7 per cent (See: Thailand 2014 GDP Boosted to 0.7% Due to 2.3% Q4 Spurt) the economic malaise that overshadowed Thailand for much of 2014 appears to have rolled over into the new year. Thank you for reading The Establishment Post. Permission to reproduce material under the “fair use” principle is granted PROVIDED a link to the original source material is included with the cited material.
