BRITISH INTERNATIONAL SCHOOL, PHUKET
BRITISH INTERNATIONAL SCHOOL, PHUKET
The Phuket News Novosti Phuket Khao Phuket

Login | Create Account | Search


TCC expects 1-1.5% GDP growth this year

BANGKOK: The Thai Chamber of Commerce is anticipating the government’s B55 billion aid measures to help reduce living costs will generate cash flow and increase economic values, leading to a 1-1.5% GDP growth this year.

economics
By National News Bureau of Thailand

Monday 25 October 2021, 11:00AM


Photo: NNT

Photo: NNT

Sanan Angubolkul, Chairman of the Thai Chamber of Commerce (TCC) and Board of Trade of Thailand, said the Thai economy will be seeing more activities from increased spending from the general public in the final two months of this year, during which people are expected to travel and purchase gifts for the holiday season, reports state news agency NNT.

He said the government’s approval of an additional budget will help increase the purchasing power among the more vulnerable population, resulting in the increase of economic activities, and a B95bn cash flow.

The Cabinet has approved a total of B54.6bn to fund four economic and living cost-cutting schemes, including an additional allowance for holders of the state welfare card, payouts for people with special needs, more allowance for the 50:50 co-pay campaign, and a voucher campaign for eligible spending.

Exotic Fishing Thailand

The TCC also expects that more construction works and spending for housing restoration will be coming after the flood disaster. The government’s aid campaigns can help cut down the costs faced by flood victims.

The TCC chairman said outcomes from the government aid measures are expected to help generate cash flow and drive this year’s GDP by 1-1.5%.

 

Comment on this story

* Please login to comment. If you do not have an account please register below by simply entering a username, password and email address. You can still leave your comment below at the same time.

CAPTCHA

Be the first to comment.

 

Have a news tip-off? Click here

 

Phuket community
Kalim Beach restaurant fined for obstructing traffic

A fine of 1000 thb only? Great example of how you make yourself as law enforcement organisation ri...(Read More)


Phuket police deny ‘robbing’ foreigners, defend traffic checks

Kurt@ have to agree with you for a change, I have been stopped many times around Chalong and Patong,...(Read More)


Patong venue operators cautioned as Bangla cases rise

....'To be consumed between 11-14 and 17-23 hrs'.... That are the hours Covid-19 virus + he...(Read More)


Patong venue operators cautioned as Bangla cases rise

allowed or not allowed in patong and all around the island there is no bar/restaurant that really gi...(Read More)


Patong venue operators cautioned as Bangla cases rise

Precautions DO work. Without them, the hospitals would have shuttered over a year ago from inundati...(Read More)


Phuket Opinion: Same old games

why would the police no check all local busines instead? the 4th wave is coming and hope this time w...(Read More)


Phuket police deny ‘robbing’ foreigners, defend traffic checks

Hating opinions is a far bigger problem to some than expressing them is to me. It's so easy to b...(Read More)


Frenchman faces deportation for Facebook posts

Chris UN are as useless..no point.. if they really would listen they would already have arrested tha...(Read More)


Frenchman faces deportation for Facebook posts

Just Deport him and make sure he never can come back. Foreigners should never make any comments on ...(Read More)


Phuket Opinion: Same old games

They need their tea money to buy their Ferrari ........(Read More)