InfoQuest (July 24, 2019) -- Mr. Pridi Daochai, governor of Thai Farmers Bank (KBANK) and chairman of Thai Bankers Association, believed that Thai economy is expected to grow by over 3 percent this year thanks to the abating of many risks over the past period and a sign of turnaround, such as the trade war between US and China, the Brexit, and the rally of Thai export. It is estimated that the negative growth will be alleviated. For the rest months of this year, if monthly export can exceed 22 billion U.S. dollars, a more than 3 percent economic growth will be within reach.
As for the matter of the government to release policies at parliament tomorrow, he believed that policies proposed by parties of the coalition government during election should be deliberated from the perspectives of emergency, importance, and existing budget before they are implemented. However, Pridi believed that the government knows well what should be the priorities. No matter what, the paramount issue is to have a stable government, so as to ensure steady administration and stable implementation of people-oriented policies.
Besides maintaining economic stability, private sector also expects the government to take measures to prevent the excess fluctuations of exchange rate, maintain interest rate at a proper range, in a way to promote growth of national economy, added the chairman. On top of that, he also believed that all parties concerned, including private sector, expect the government to release stimulus measures and ensure the continuity of policy implementation.
- Source: InfoQuest, by Kasamarporn Kittisamphan / Sasithorn, translated by Xinhua Silk Road
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A single purchase
