Beijing
Thai PM sets 9 percent economic growth target for 2004
www.chinaview.cn 2003-09-16 23:14

   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

¡@¡@


¡@Related Stories