ID :
209744
Tue, 09/27/2011 - 14:44
Auther :
Shortlink :
http://m.oananews.org//node/209744
The shortlink copeid
Thai PM confident in taking care of national economy
BANGKOK, September 27 (TNA) - Thai Prime Minister Yingluck Shinawatra has affirmed that her government is well-prepared to cope with potential effects of the financial crisis in the EU and US, noting that there is no need to readjust the country’s GDP target or set up a reserved fund.
Speaking to reporters on Tuesday after a cabinet meeting, Yingluck said her government foresaw the current financial crisis and thus, it has implemented polices to increase households’ incomes and stimulate domestic spending.
Yingluck explained that a recent plunge in Thai share prices was due to investor’s concern about the debt crisis in the EU and US and that it happened in several other countries as well by a similar margin. She, therefore, urged investor not to be panic and be confident in the Thai economy.
Yingluck explained that Thailand has diversified its export destination to EU, US, and Chinese markets in order to better manage risks associated with exports and that its economy, therefore, should not be heavily affected by the crisis.
On private sector’s suggestion for the government to set up a reserved fund amid doubt about the world economy, the prime minister said she does not think that there are needs to set up a fund for the time being and will rather closely monitor the development of the situation. (TNA)
Speaking to reporters on Tuesday after a cabinet meeting, Yingluck said her government foresaw the current financial crisis and thus, it has implemented polices to increase households’ incomes and stimulate domestic spending.
Yingluck explained that a recent plunge in Thai share prices was due to investor’s concern about the debt crisis in the EU and US and that it happened in several other countries as well by a similar margin. She, therefore, urged investor not to be panic and be confident in the Thai economy.
Yingluck explained that Thailand has diversified its export destination to EU, US, and Chinese markets in order to better manage risks associated with exports and that its economy, therefore, should not be heavily affected by the crisis.
On private sector’s suggestion for the government to set up a reserved fund amid doubt about the world economy, the prime minister said she does not think that there are needs to set up a fund for the time being and will rather closely monitor the development of the situation. (TNA)
