Deputy PM Somkid: Economy will only grow from now on

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Deputy Prime Minister Somkid Chatusripitak has expressed confidence that the Thai economy has already passed the lowest point and it will further improve after the charter referendum passed.

Deputy Prime Minister Somkid Chatusripitak.
Deputy Prime Minister Somkid Chatusripitak.

Somkid said the constitutional referendum eased concerns about Thai politics and economy and made the private sector more confident. The referendum and road map to a general election were a positive factor for the Thai economy and helped restore confidence inside and outside of the country, said the deputy PM.

The deputy premier added that the Thai economy would not tumble again and it would recover fast. He therefore urged the private sector to increase their investment and asked them to be confident in the government. There will be more stimulus measures and incentives from the government in the future, he said.

Somkid also called on all sides to work together in reforming the country and ensured that all electric train projects would be submitted the Cabinet for consideration within this year.