PM Yingluck: “Thai economic outlook appears promising”

Monday, 11 February 2013 By  NNT

BANGKOK, 10 February 2013 Prime Minister Yingluck Shinawatra is positive that the Thai economic outlook will continue to be promising, due to expanding domestic purchasing power and stronger foreign investor confidence. 

PM Yingluck talked about the country’s economic growth outlook, during her weekly TV program on Saturday, saying many indicators have shown that Thai economy will likely continue to grow.

The Prime Minister attributed the country’s bright economic outlook to strong collaboration among relevant agencies and units to boost spending and investment while mitigating the impact of global risks.

Ms. Yingluck stated that the government is determined to push the local economy to grow in a sustainable manner and in accordance with its real potential.

Meanwhile, Deputy PM and Finance Minister Kittiratt Na-Ranong said that huge foreign investment inflows in stock and bond markets have led to the baht appreciation.

Mr. Kittiratt said that he has discussed with all related agencies about the solutions to ease the stronger baht.

He also reiterated that the Bank of Thailand is to make sure that the value of the Thai currency will be appropriate and acceptable and the central bank’s Monetary Policy Committee (MPC) will implement suitable interest rate policy to control the baht direction.

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