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BANGKOK, Sept. 16, (Xinhuanet) -- Thai Prime Minister Thaksin Shinwatra
Tuesday demonstrated his growing confidence in the Thai economy by raising next
year's 8 percent growth target to an even more ambitious 9 percent.
¡@¡@Thai News Agency quoted the Government Spokesman Sita Divari assaying that
the prime minister had set the new target after Chakramon Phasukavanich,
Secretary-General of the National Economic and Social Development Board (NESDB)
reported on second quarter economic growth to the cabinet.
¡@¡@The NESDB secretary-general noted that second quarter growth had fallen to
5.8 percent, compared to 6.7 percent growth in the first quarter.
¡@¡@However, this still put growth for the first half of the year at 6.2
percent, with growth for the entire year expected to stand at 6 percent.
¡@¡@Sita quoted Chakramon as predicting economic growth for next year of
6.5-8.5 percent, while noting that the higher rate would only be achievable if
the government was able to raise export earnings from 6.25 billion to 7.22
billion US dollars per month.
¡@¡@After receiving this data Thaksin had set the new 9 percent target, saying
that he would encourage domestic spending, while stressing the importance of
ensuring that consumer spending did not rise too high.
¡@¡@At the same time, he said that he would make efforts to instilla sense of
patriotism in Thai products among the public in order to reduce expensive
imports. Enditem
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